Bridging Finance
Bridging loans are a short-term funding option used in property transactions as a method of ‘bridging’ the gap between whether you are buying at auction or purchasing a property that is not habitable.. Alternatively, a bridging loan can also act as a method of raising short-term finance when the money is needed urgently.
The short-term nature of bridging loans does tend to make them more expensive than other sources of finance, but they can be invaluable when trying to go ahead with a property purchase that otherwise might not be possible.