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Bridging loans are a short-term funding option. They are used to ‘bridge’ a gap between a debt coming due and the main line of credit becoming available. Or they can simply act as a short-term loan in pressing circumstances.
Why would you take a bridging loan? There are many circumstances when bridging finance can be used to assist you including property investment, buy to let and development.
Examples can be, If you are refurbishing a property for selling you can take bridging loans. Or if you are converting your house to enhance its value to the high street lender you may want to consider taking a bridging loan.