As bridging loans are a type of secured loan, you’ll need to use an asset as security when you apply for your loan. This could be one property or multiple properties. You can secure the loan against the property you’re buying as well as your existing property. If you’re unable to repay your bridging loan, the lender has a right to repossess the properties with a view to selling them to recoup its money.
Each lender will have its own list of eligibility criteria if you want to take out a bridging loan.
Bridging is appropriate for companies and individuals in the following scenarios
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25 Green Street London W1K 7AX
Risecap Ltd Data Protection Number ZA553906. The registered address is 85 Great Portland Street, London, England, W1W 7LT. Risecap is a credit broker and not a lender.
Copyright © 2022 Risecap. All rights reserved.
