Search the Community
Showing results for tags 'bridging loan'.
Found 1 result
I'm looking into bridging loans as a potential means of part funding purchase of a plot - this would make a big difference to the type and size of plot I can buy, opening up potential opportunities for land where planning consent has lapsed or hasn't yet been sought. (I know there are other issues with that type of project such as risk of not getting consent, overage clauses etc but that's a separate thing and its the bridging aspect I need to understand first.) What I'm not clear on at this stage is whether the bridging loan is secured against the land purchased (as a mortgage would be), or does it need to be held against other assets such as another property, or can it be a combination of both?