Open Bridging Loans

Open Bridging Loans

An open bridging loan is used mainly in residential bridging loans when you are looking to purchase a new property before you have sold your current property but you have not exchanged contacts to sell your first property.

This is important because once contracts are exchanged the likelihood of the sale not going through is extremely low. For this reason open bridging loans are a lot more riskier for lenders.

If you are interested in getting an open bridging loan then please complete the form below to get the best advice.

Speak to a professional about Bridging Loans

Your Home may be repossessed if you do not keep up repayments on your mortgage or loan secured on your property.

Sidstone.co.uk is proud to be part of the Unbiased Finance network www.unbiasedfinance.com. Sidstone introduces all enquiries to Unbiased Finance, 131 Church Street, Staffordshire, ST4 1DB which is a registered Individual of EP Bengry and regulated by the Financial Services Authority. FSA No. 434488. This website is only directed at persons within the UK. Calls may be recorded for training and monitoring. Your initial mortgage consultation is obligation free. We do not charge a fee for remortgages or insurance products. There will be a minimum fee for our mortgage service of £199, which is only payable on completion of your mortgage. We will retain the commission from the mortgage lender.