Benefits of a Bridging Loan

A bridging loan has many benefits, some of which are listed below.

A bridging loan can be used to cover the financial gap when buying one property before the existing one is sold. They are looked on as short term lending to cover a specific short term need.

A bridging loan as the name implies is a loan used to "bridge" the financial gap between monies required for your new property completion prior to your existing property having been sold.

Bridging loans are short term loans arranged when you need to purchase a house but are unable to arrange the mortgage for some reason, such as there is a delay in selling your existing property.

A bridging loan can also be used to raise capital pending the sale of a property.

Bridging loans can be arranged for any sum between £25000 to a few million pounds and can be borrowed for periods from a week to up to six months

Because of the nature of bridging loans they can usually be arranged at short notice and within a few days.

A bridging loan is similar to a mortgage where the amount borrowed is secured on your home but the advantage of a mortgage is that it attracts a much lower interest rate. While bridging loans are convenient the interest rates can be very high.

When considering a bridging loan please remember that you may be paying not only for the bridging loan but also for the mortgage on your existing property.

Bridging loans are widely available and can usually be arranged by your existing mortgage provider.

Although bridging loans are convenient, you need to consider the pitfalls too, like the high interest rates.

You may freely reprint this article provided the author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.

---

No Faxing Hassle-Free Payday Loans Can Be Yours

No faxing payday loans are the wave of the future.... Read More

PayDay Cash Advance Loans - The Benefits of Using the Payment Protection Plan

Payment protection plans are offered by payday companies to protect... Read More

What is a Secured Personal Loan?

A secured personal loan is the generic term for a... Read More

Personal Loans - To Make A Personalized Financial Agenda

The phrase 'tailor-made' ought to be made for personal loans.... Read More

Facts You Should Know About Types of Loans

When you set out to borrow, you often come across... Read More

Car Loans for People With Bad Credit

Car loans for people with bad credit are readily available... Read More

What is a Personal Secured Loan?

A personal secured loan is the generic term for a... Read More

Finding the Best Secured Loan for Your Money

If you're looking for a secured loan, there are several... Read More

What To Consider Before Applying For A Loan

Here are some useful tips on what to consider before... Read More

Loans Guide

Many people are confused by the different types of loans... Read More

How to Finance a Small Business

Confused by how to finance a small business? One key... Read More

Cash Loans for Unemployed ? for an Instantaneous Response to Needs of the Unemployed

Unemployment is generally supplemented with several other vices like poverty... Read More

A Secured Loan Could Save You Money

What is a Secured Loan?A secured loan is any loan... Read More

Get a Low Rate on a Secured Online Loan

Secured loans have become very popular over recent years, with... Read More

Shopping for a Secured Personal Loan

If you find yourself looking for a loan, you'll likely... Read More

Is a Microloan Right for You?

If you've been tossing around an idea for a small... Read More

Cash Advance Payday Loans: A First Time Users Guide

If you considering using a Cash Advance Payday Loan service... Read More

Debt Consolidation Tips

Here are some useful Debt Consolidation tips. Debt consolidation is... Read More

What is Bad Credit UK?

Bad credit UK is a term that many people don't... Read More

Cash Advance Loans Online - A Great Way to Make it Until Your Next Pay Day

A payday advance is a loan obtained to cover unexpected... Read More

What is a Cash Advance Loan?

A cash advance loan is a short-term loan secured by... Read More

Overnight Cash Can Be Yours

It's possible to receive up to 500 dollars cash overnight... Read More

Secured Loans Guide

Secured loans are becoming increasingly popular due to their flexibility.... Read More

No Income Verification Loans ? When Income Doesnt Show on Paychecks

Financial statements, salaries, income proof, documents, paycheck, W-2 forms, 1099's... Read More

Finance Your Home Business: Six Ways Under Your Nose

There are lots of ways to get additional capital to... Read More

Should You Ever Take a Payday Loan?

Payday loans have many names -- cash advances, signature loans... Read More

A Method Used For Evaluating Online Lenders

Online lenders might be high quality, serious companies such as... Read More

Why Choose a Personal Secured Loan?

Listed below are some of the many reasons why choosing... Read More

Easy Cash Advance - Payday Loans Online are Quick

Cash advances have become quicker to process with online payday... Read More

Are Interest Rates Up, Up and Away?

Interest rates have been at their lowest levels in over... Read More

How to Make Sure You Become a Profitable Trader

Regardless of your trading style; day trading, swing trading, or... Read More

Beware of some Get Cash Now Vendors

Some weeks it feels like you're living hand to mouth.... Read More

Benefits of a Bad Credit Personal Loan

Outlined here are some of the many benefits of a... Read More