Bridging Loan To Buy House May 2026

If you own your current home outright, the bridge is a "first charge." If you still have a mortgage, the bridge is a "second charge," which is typically more expensive because the mortgage lender gets paid first if the home is repossessed. Guide: How to Buy a House with a Bridging Loan

A bridging loan (or "bridge loan") is a short-term financing tool used to "bridge" the gap between the purchase of a new property and the sale of an existing one. It provides immediate cash flow, allowing you to secure a new home without waiting for your current house to sell. bridging loan to buy house

These have no fixed date but must still be repaid within a set period (usually one year). If you own your current home outright, the