Bridging Finance, what is it? How does it work? Is it right for me?

Bridging Finance, what is it? How does it work? Is it right for me?

Every lender has slightly different rules around this, but broadly, bridging finance is a short-term housing loan designed to provide immediate funding over a specific period, usually up to one year.  The loan is a temporary solution to "bridge" the gap between the need for funds and the availability of longer-term financing. Significantly, the servicing requirements differ, and the remaining (post 12 months debt) debt is the debt that is being assessed and not the entire loan.