Mortgage alternatives may be a better option for your particular circumstances and borrowing objectives. As regulated, whole of market mortgage brokers, we’ve spent years advising people about secured loans or mortgage bridging loans which often save them money.
When remortgaging isn’t suitable or possible a secured loan could provide a great option if you’re in any of the following situations:
Bridge the gap between the sale and purchase of a property with a mortgage bridging loan. This short-term solution can help, even if you haven’t got a buyer and you don’t want to break the chain. You’ll need property, land or another high value asset to secure the loan. You could even use the finance for other purposes when you need immediate funds.
A mortgage bridging loan helps you raise funds quickly to buy at auction or complete renovations when a mortgage can’t be granted.