What Is A Bridging Loan Anyway?

In layman’s terms a bridging loan provides the borrower with a cash ‘bridge’ whilst they wait for another form of finance to become available and enable them to pay back the loan. Sounds simple, right? Well actually the reality of this type of loan is a bit more complicated and it isn’t a finance option that should be taken on lightly. Bridging loans are flexible, usually short-term, and are...