With one in three property transactions being affected by ‘chain breaks’, can bridging loans provide a solution to ‘bridge the gap’ between transactions?
In the event of a property chain collapse, a bridging loan offers a solution that allows parties to proceed with the purchase. This involves securing a bridging loan against the property, with the exit strategy and repayment executed upon the successful sale.
The flexible approach from West One means we are primed to support brokers by actively looking to provide a solution.
Explore further how a bridging loan can be the key to securing property and extending the timeframe to sell an existing property.
Contact the team for all enquiries