Bridging Loans
A bridging loan (or relocation loan) is a short-term loan that covers the gap period between purchasing your new property and selling your old one.
These loans are offered at the standard variable rate and usually have a term of six months if you are selling your property.
Each lender assesses bridging loans differently, so it pays to have an expert on your side. All lenders will require you to have significant equity in your property for a bridging loan.