Do you need a short term mortgage?

Short term mortgages can be beneficial for a variety of reasons such as buying a property at auction, completing some urgent home improvements and consolidating spiralling personal debt.

Many bank and building societies are reluctant to lend on a short term basis as they do not see any long term value in the lending, i.e. they will not make interest on the loan over the longer term as a normal mortgage.

If you need to borrow money against your home for any reason over a short period of time, Mortgage Magpie can introduce you to a Professional Mortgage Adviser that can find the right mortgage for you.