Bridging finance
Found the next home before selling this one?
Short-term finance that covers the gap when you buy before your current home has sold. It's repaid from the sale. Bridging loans are exempt from deposit limits under set conditions, but lenders want a clear plan for the sale.
Who it suits
- Buyers who found the right home first
- Buyers with a sale agreed but not yet settled
What lenders look at
- Your plan to sell and a realistic sale price
- Whether you can carry both loans for a while
- The loan you'll have left once your current home sells
What to prepare
Tick them off as you go.
Questions to ask
- What happens if the sale takes longer than expected?
- How is bridging interest charged and paid?
- What loan will I be left with after the sale?
Everyone's situation is different. Lenders weigh things differently and small details change the answer. An adviser can tell you where you stand with bridging finance and what to do next.
Talk to an adviserEvery situation is different
Tell us what you're planning and an adviser will work through your options with you.