subscribe(at)      +44 (759)-976-2285

A new alternative to costly bridging loans

3/24/2017 12:00:00 AM   0 Comments   bridging loans, buy to let

Several lenders are offering one-year mortgage deals to help those who are trying to downsize but are unable to sell their house.

Building societies are offering one-year mortgages to help people who are unable to move because of the housing market slowdown. The deals are essentially bridging loans for those who have found new homes, but are unable to sell their existing property.

Bridging finance is notoriously expensive but Enness Private Clients, the mortgage broker, calculates that it would be £18,000 cheaper to borrow £500,000 on one of these new mortgages than it would be to take out a typical bridging loan. The Shorter Term finance mortgage from Market Harborough building society has a rate of 5.49 per cent for up to a year, almost half the 9 per cent rate at which bridging loans start. You have to pay a fee of 2 per cent (£6,000…

Jessie Hewitson
Read Article

Recent Articles

News item number 60

The rise in buy-to-let through limited companies

11/25/2016 12:00:00 AM - 0 Comments
There has been an increase in the number of residential property investors who manage their portfolio as a limited company, so what are the financial pros and cons of this approach?
News item number 61

A brokers’ guide to the development finance process

11/28/2016 12:00:00 AM - 0 Comments
To help brokers recognise how development finance differs from bridging loans, Alternative Bridging Corporation Ltd (Alternative) has provided a guide to the process to get the right funding in place in a timely fashion.
News item number 62

UK challenger bank Masthaven opens for business

11/27/2016 12:00:00 AM - 0 Comments
Online-only Masthaven bank is promising an alternative to the one-size fits all approach of conventional banks as it opens its doors to customers in the UK.


Bridging4U is a souce of information for property investors and buy to let landlords to keep up to date with what is happening with the property and buy to let bridging loan market and the latest trends.

  Recent Images
thumbs 34 thumbs 35 thumbs 36
thumbs 37 thumbs 38 thumbs 39
thumbs 46 thumbs 47 thumbs 48
  Contact Us
  Bridging 4 U

High Street,
Royal Wootton Bassett, Wiltshire. SN4 8FP.

Tel : + (0759) - 976 2285
Mail :
Business Hours : 9:00 - 9:00

Copyright © 2015 - 4 You Media Ltd

Visitors: 267552