Do you need to repay Bridging Finance?

Bridging Finance is short term finance and is a quick way of obtaining money against a property which can then be used for a variety of reasons. Most Bridging Finance mortgages come with a short term of 6-12 months at which time the lender will require their money back.

One of the easiest ways to repay Bridging Finance is to obtain a conventional mortgage. A lot of high street banks and building societies are not eager to lend for this purpose however, Mortgage Magpie can introduce you to a Professional Mortgage Adviser that can help you get a competitive mortgage to repay your Bridging Finance.