Short Term Bridging Loans

Short-term bridging loans are designed to provide financial flexibility during the property buying process, giving you a cushion of security between selling your current home and purchasing a new one. This period can be financially stressful, but a short-term bridging loan can help ease some of that concern.

These loans are also useful for property developers, enabling quicker property purchases, renovations, and sales. You can choose between fixed-interest loans, where the interest rate remains the same each month, or variable loans, where payments may fluctuate depending on your circumstances.

There are two main types of bridging loans: open-bridge and closed-bridge. A closed-bridge loan has a set repayment date, while an open-bridge loan is riskier, as there’s no predetermined repayment date.

The loan you qualify for depends on factors such as the value of your current property, the collateral available, and your income. However, it’s important to note that bridging loans often come with higher interest rates and fees, so they may not be suitable for everyone.

At Green Fern Mortgages, we have years of experience working with bridging loans. More importantly, we take the time to listen to your needs and treat them as our own. Based on the information you provide, we’ll help you make the smartest financial decisions, explaining everything clearly so you can confidently move forward.