| Bridging Finance |
 |
| Apple Financial Solutions offer bridging loans for numerous circumstances. It is typically used to cover shortfalls between buying one property and selling another. Most requirements for bridging finance arise when you are ready to exchange contracts on your new purchase, but are let down on the sale of your existing property. |
|
| Bridging finance is essentially a short term mortgage. Like a mortgage it is also “secured” against property. This type of loan can also be used for other purposes including the purchase of land, urgent cashflow requirements, holidays and any other requirements that may arise. |
|
| Any type of residential, semi – commercial, commercial property or land can be considered as security for a bridging loan. Terms and loan amounts are flexible and dependant on personal circumstances. Call or register now to discuss your requirements. |
| |
| Borrowers who are supporting two loans concurrently, both of which are at variable rates, will be vulnerable to changes in the interest rate and additional risk if the proposed source of repayment fails to materialise quickly (eg the sale of another property falls through) |
|
