Just bought a property from Auction?
	Don't have the deposit?
	Looking for quick, Short Term Finance
	Buying but not yet selling?
	Need a secured loan?
	Need finance for property renovation

A Bridging Loan is a temporary, short-term loan, which is secured on land or property (e.g. your existing home) and is therefore a type of mortgage. If you already have a normal mortgage on the property, it may still be possible to arrange a bridging loan as a second mortgage to help you achieve your aims.

Short term bridging loans can provide valuable help in cases of temporary cash shortfall, particularly during the purchase of a Residential and commercial property, land development, renovation or business.

Bridging finance can be a useful source of cash for a number of purposes:
	To help buy a new property before you have sold your existing one.
	To buy a property for renovation or conversion and quick resale.
	To refinance or release additional funds from an existing property.
	To finance the purchase of a second home abroad.
	To enable you to purchase a property at auction.

Bridging loans are usually arranged for a limited, fixed period of around three to six months and the entire loan is then repaid in full, with the agreed interest. Unlike other types of loan, the cost of interest on bridging finance is usually shown at a monthly rate.

Remember:
	Bridging mortgages are much quicker to arrange than conventional mortgages or other forms of longer term funding.
	Bridging can be arranged fast, because the lending criteria are not based on the idea of the borrower repaying the loan over 25 years like with a typical mortgage
	Bridging loan providers are usually more flexible with their lending criteria and will lend against the value of the property rather than the purchase price
	Bridging finance is an expensive option for those who need money quickly
	Being able to act on an opportunity when others are unable to, could give you the edge on local competitors, but make sure you are aware of likely costs and fees.

First Steps:
	Fully evaluate all the implications of bridging. The FSN can assist in comparing terms and do the relevant number crunching
	Be clear about why you need to bridge. Would a different solution be a more financially sensible option?
	Work with the FSN to manage, control then achieve your financial goals

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Don't Forget: By acting NOW you can stop the problem growing and start your recovery today