Is a Bridging Loan a Mortgage? Let’s find out.
Property finance isn’t one-size-fits-all, particularly in today’s complex UK market. As a mortgage broker with over 20 years of experience, I’ve seen countless situations where understanding the difference between bridging loans and mortgages has saved clients both money and stress. ...
Can You Extend a Bridging Loan?
Property projects rarely stick to schedule. Whether your renovation has hit unexpected snags or the perfect buyer hasn’t appeared within your planned timeline, timing issues with a bridging loan can be stressful. Missing your bridging loan repayment deadline isn’t just ...
Can you buy a house at auction with a mortgage?
The UK property auction market has transformed significantly over the past few years. Whether you’re eyeing a Victorian terrace ripe for renovation or a commercial unit with potential, understanding your financing options makes all the difference between winning a bid ...
Do I Need a Solicitor to Remortgage?
When considering a remortgage, you might question whether paying for a solicitor is really necessary. It’s understandable – legal fees add to your costs, and if you’re remortgaging to save money with a better rate, additional expenses aren’t what you ...
What are commercial bridging loans?
Business property opportunities often appear with tight deadlines. Traditional commercial mortgages can take months to arrange, leaving you at risk of missing out on valuable deals or paying premium prices due to financing delays. When time pressures threaten to derail ...
How quickly can you get a bridging loan?
Bridging loans are short-term financial solutions designed to help borrowers quickly access funds, typically for property transactions or business opportunities. When you need these loans, time is of the essence. The time it takes to secure a bridging loan varies, ...
How Many Buy-to-Let Mortgages Can I Have?
Buy-to-let mortgages are a popular choice for property investors aiming to grow their portfolios and generate rental income. Many aspiring landlords wonder about the number of these mortgages they can hold. This guide explores the possibilities and considerations for UK ...
Can I Change My Mortgage to Buy to Let?
Are you considering turning your home into a buy to let rental property? Perhaps you’re moving to a new city for work, or you’ve inherited a property and want to make the most of it. Whatever your reason, changing your ...
Can You Pay Off a Bridging Loan with a Mortgage?
Bridging loans are a popular short-term financing option in the UK property market. These loans come with higher interest rates and shorter repayment terms than traditional mortgages. As such, many borrowers wonder if they can transition from a bridging loan ...
What Does Porting a Mortgage Mean?
When you’re planning to move home, understanding your mortgage options is important. One term you might encounter is “porting a mortgage”. But what does this actually mean, and is it the right choice for you? This guide will explain everything ...
How Do Mortgages Work When You Move House?
Moving house marks an exciting new chapter in life, but it also brings important financial decisions, particularly regarding your mortgage. Understanding how mortgages work when you move is essential for a smooth transition to your new home. This article will ...
How do you pay back a bridging loan?
Bridging loans can be a lifeline for homeowners and property investors, providing short-term finance to seize opportunities quickly. It’s an extremely flexible type of secured loan that can be used for various purposes, but it’s important to understand how it ...
Can you buy a house with a bridging loan?
Securing your dream home or an ideal investment opportunity often hinges on swift decisions and quick financing. This is where bridging loans step in as a valuable tool. Bridging is most often thought of as a chain-breaker loan, helping you ...
What is a bridging loan usually secured against?
In the UK property market, timing is everything. Whether you’re a homeowner facing a broken chain, an investor spotting a bargain at auction, or a developer looking to transform a property, you may need fast access to funds. Bridging loans ...
What is the difference between bridging and development finance?
Whether you’re a seasoned property investor or a first-time buyer with a vision, securing the right financing can be the key to unlocking your property goals. Bridging loans and development finance are two powerful options, each offering unique advantages depending ...
Bridging Loans and Deposits: A Practical Guide
Bridging loans can be a valuable tool for property buyers who need to move quickly, whether to secure their dream home or capitalise on an investment opportunity. However, it’s important to understand that bridging loans will require a deposit, just ...
What happens at the end of an interest only mortgage?
If your interest-only mortgage is coming to an end, you’re probably wondering about the next steps. The lender will be expecting their money back, so this is not a situation to be ignored. Whether you are considering paying a lump ...
What’s the Difference Between an SPV and a Limited Company?
As a property investor, choosing the right business structure can make your investments more efficient. Two popular options are Special Purpose Vehicles (SPVs) and traditional limited companies. Perhaps you’re wondering what these structures are and if they might offer advantages ...
Can an executor pay beneficiaries before probate is granted?
When someone passes away and leaves a will, a person called an executor is in charge of sorting out their property and money. Probate is a legal process that happens after someone dies. It’s all about making sure that the ...
Do you have to pay inheritance tax before probate?
It’s a question that is asked by many executors of wills in the UK: Do you have to pay inheritance tax before probate? In this article we go over the process of probate and explain when and how inheritance tax needs ...
How long can you have a bridging loan for?
If you’re considering getting a bridging loan, one of the first questions you’ll likely have is “How long can I have it for?” After all, these loans are designed to be short-term solutions, but what exactly does that mean in ...
Can a mortgage offer be withdrawn?
Receiving your mortgage offer is an important step in the home buying process, as it means that a lender has formally agreed to lend you the money you need. But what happens if your mortgage offer is suddenly withdrawn? Can ...
What is mortgage underwriting and how does it work?
If you’re considering buying a property then you’ll probably need a mortgage. And as part of the mortgage process, your application will go through something called underwriting. But what exactly is mortgage underwriting, and why is it important? In this ...
How do joint mortgages work?
If you’re considering buying a property, you may have heard about joint mortgages. But what exactly are they, and how do they work? In this article, we will discuss the various types of joint mortgage, the application process, and the ...