Do banks do bridging loans at all these days? I'm not even sure I'm using the correct term here. I'd like to sell my current property (fully owned) and buy a new, more expensive one. I most likely have the difference in cash but I just can't face renting temporarily and moving twice.
I'm very fussy about what I'd like to buy so I have no idea when something might become available. But if it did I'd like to be able to pounce. The loan I'd need would be well above what my salary would allow, but it would be guaranteed by my current property. My current home is an apartment in the docklands, it should be very sellable.
Any info/tips on this?
I'm very fussy about what I'd like to buy so I have no idea when something might become available. But if it did I'd like to be able to pounce. The loan I'd need would be well above what my salary would allow, but it would be guaranteed by my current property. My current home is an apartment in the docklands, it should be very sellable.
Any info/tips on this?