Anyone who has sold a property with the intention of upgrading their property, understands the frustration of not knowing whether to sell or buy first. While there’s no right or wrong answer, there are ways to help mitigate the stress of buying and selling through the use of a bridging loan.
A bridging loan allows you to acquire your next property before selling your current one, streamlining the transition between homes. However, bridging loans come with their own set of advantages and disadvantages.
Before taking on a bridging loan, it’s vital to think about these different factors:
If there is anything we can do to support you in your property buying journey, please contact us.
*This information is general in nature and does not take into consideration your individual circumstances. Please contact us for further information.