Downsizing With A Bridging Loan
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How Can a Bridging Loan Help Me Downsize?
If you have made the decision to downsize, a downsizing bridging loan can help with..
- Getting funding without any lengthy processes
- Giving you access to quick cash before the sale of your larger home
- Reducing the risk of you losing out on securing your new property
A downsizing loan provides you with fast short-term finance to assist you with moving into a new property. With a typical downsizing loan..
- You can borrow anything between £500,000 and £10 million
- There is no age restriction
- The loan is secured against an existing property, or one being purchased
- There is no upfront application fee
- 100% of purchase price plus fees and SDLT with requisite security
The downsizing of short term finance is for..
- People moving house, downsizing from a larger valued property
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The Financial Conduct Authority (FCA) may regulate your loan. If your loan is regulated we can deal with your application. It must be submitted through an FCA regulated intermediary.