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What is the process of Obtaining a Bridging Loan ? Frequently Asked Questions Loans Help - Loans Products

What is the process of Obtaining a Bridging Loan?

Bridging finance is a short term secured loan which will help you raise funds to bridge the gap between the purchase of a new home and the sale of the old one.
The process of obtaining bridging finance in most cases finance can be obtained within two weeks. When you make an application for a bridging finance loan with a lender, they will arrange a valuation of the property that you want to hold as security for the loan. You will have to make a payment for this valuation to be done on the selected property. The valuation is normally done within three working days of you making a payment. You will need to arrange a solicitor to deal with the conveyancing process, this is all the legal work that is involved with the buying and selling of a property, this includes checking the land registry, this is done to see if the seller is actually authorised to be able to sell the property, and to do a local search to check for anything else that may effect the property.

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