101 Questions (bridging) - Promise Money

101 Questions (bridging)

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What Is A Bridging Loan?

What is a bridging loan? …a bridging loan is a short-term financing option particularly useful in property deals.

by Stuart Mayne

How Do Bridging Loans Work?

Learn how bridging loans work, including their benefits, risks, and uses, to see if they’re the right short-term financial solution for your immediate needs.

Are Bridging Loans Only For Property Purchases?

Bridging loans provide quick access to funds and are useful in various financial situations beyond property purchases.

What Happens If I Can’t Repay My Bridging Loan?

If you’re unable to repay a bridging loan, it’s crucial to discuss your situation with your lender or financial advisor.

What Is The Exit Strategy For A Bridging Loan?

A bridging loan’s exit strategy is key to finance approval. Understand strategies like property sales, and refinancing.

Can Bridging Loans Be Used For Property Auctions?

Bridging loans are a recognised solution for purchasing properties at auctions. Proper planning helps ensure success in utilising these loans effectively.