What can you use a bridge loan for?

What can you use a bridge loan for?

Bridging loans are used for many purposes, the loan is a short-term facility that is secured on property or land generally used to provide a temporary cash injection. This type of loan is useful for several reasons; however, we will focus on some of the…

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Is a second-charge mortgage a good idea?

Is a second-charge mortgage a good idea?

To answer this question, let’s first look at what a second-charge mortgage is? Basically speaking, it is an additional mortgage you take out on your property without having to re-mortgage your current mortgage. There are a variety of reasons why someone may take out a…

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