3: How do Bridging and Development Loans work?

<div>Bridging and Development Loans were originally designed to help people complete the purchase of a property before they have sold their existing home. This short term funding option can “bridge” the gap to give more flexibility. </div> <div>In this episode, the mortgage expert explains how bridging loans are now often used to purchase properties that could not be purchased with a standard mortgage. You may wish to consider bridging finance when wanting to purchase and “do-up” a property, before re-financing or selling on. It is also very useful when speed is essential, such as purchasing at auction or being let down last minute with other finance options.</div>