A bridging loan usually involves holding mortgages on two or more properties at the same time, for example, where the sale of an existing property will not happen until after a purchase has taken place.

Occasionally we may only need to lend on one property if your clients have significant savings to put towards the purchase.

Some purchasers only expect to have the bridging facility for a couple of weeks simply to avoid the inconvenience of moving out of one property on the same day that they move into another. Alternatively, they might have two properties to sell and know that they cannot both be sold on the same day as your purchase. Bridging loans are a high risk financial transaction and your clients should take independent legal advice.

The Key features of this mortgage are detailed below. In addition to this, copies of our Tailored Mortgages and Mortgage Information leaflets are available as a PDF download.

For further details and to discuss your clients requirements please contact our Mortgage Department on 01582 765 411 or email mortgages@harpendenbs.co.uk.

Tailored Mortgages Leaflet PDF2.2MB

Mortgage Information Leaflet PDF2.4 MB

*The actual rate payable will depend upon your clients individual circumstances, please ask for a personalised illustration.

**A reduced Arrangement Fee can be agreed where a mortgage with the Society will be retained after the sale has been completed and when an Early Repayment Charge is accepted on the mortgage. Further details available on request.

This mortgage will be regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation.

Building insurance cover is required and can be arranged by the Society.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The Society is authorised and regulated by the Financial Services Authority.