Open Bridging Loans

Open bridging loans are obtained when you wish to buy a new residential property before your old property has been sold. These loans are considered to be more uncertain and risky than closed bridging loans as the exchange of contracts has not yet taken place and there is no certainty of sale.

Want to Buy New Property? – Use Our Open Bridging Loan

Since the contracts have not been exchanged there is no way of knowing how soon your old property will be sold and this increases the risk for lenders and ultimately makes it harder for borrowers to get their bridging loans approved.

If you would like to discuss your options with our loan expert, or if you are interested in taking out an open bridging loan get in touch with us by filling in the provided form to get our experts advice.