![]() ![]() If this is to be your residential home then, by and large, the period of ownership is not critical. Can you Remortgage within 6 months of a Bridging Loan?.The other dynamic to ponder is the basis of the valuation: some lenders go off the market value and others on the basis of a quick sale. ![]() So the 25% minimum can quickly start to look like 30%. In most cases, the applicants will choose to have the fees deducted from this figure and often the interest payments upfront too. How much deposit do I need to finance a Bridging Loan?Įvery Bridging Lender will set out their maximums for deposit or equity in the asset being used as security this typically ranges between 25% to 40%.If you own more than one property than cross-charges might release equity.īridging Lenders will also look at your personal wealth and income and experience to support to any applicant. As you would expect the best terms are available to applicants with prior experience. ![]()
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