Thursday, 21 April 2011

High-cost bridging loans that tempt trapped movers | Mail Online

High-cost bridging loans that tempt trapped movers | Mail Online

Homeowners who are unable to sell their home or secure a mortgage are turning to expensive ‘bridging’ loans, according to brokers.
These are for people who need a loan quickly, but they can be up to five times more expensive than ordinary mortgages and should be used only as a last resort.

Bridging loans are sometimes used to: ....

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