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Please explain further the current position and what you are proposing to do.
you can use bridging finance in this way, it is the same as a standard mortgage.
Bridging is generally used in the short term, hence the name, as it is generally a more expensive option than standard mortgage finance.
You state that the majority of the loan will go - what do you mean by that? the bridging lender may require a first legal charge and that will mean that all of the current mortgage will need to be redeemed (unless only a small part of it will remain and you can get the current lender to enter into a deed of priority whereby the bridge will take priority over it, not easy to obtain).
Any questions or queries?
Please can I kindly request that you accept or positive rate my reply. many thanks.