If you are unable to sell your current property but have found a new property that you wish to move to BFS are able to provide a bridging loan secured against your current home in order for you to transfer your current residential mortgage to your new property. Once your current property is sold you simply redeem the bridging loan.
This is a traditional use of short term finance, and is also used to release funds from increased equity whilst refurbished properties are sold or refinanced in order to move onto another project.
Bridging Finance still retains a stigma of being expensive but as professional advisors undertstand the benefits, the product is increasingly being recognised as a mainstream form of funding
An overview of Q1 2011 national Property Auction funding and property market views. Auction House UK monthly newsletter
NACFB Magazine Feb 2011 - Bridging Finance Solutions Group is an independent finance house, providing short term property finance solutions to individuals, property developers, professional advisors and intermediaries.
Bridging Finance Solutions 2011 Forecast - Published in Business Moneyfacts Magazine January 2011
Short term finance specialist, Bridging Finance Solutions, has become a patron of the National Association of Commercial Finance Brokers (NACFB).