If you have mortgage arrears and are facing or are about to face repossession, we may be able to help. We have helped many people to stop repossessions by providing either a small second charge bridging loan to clear the arrears or by arranging first charge bridging loans to redeem the current lenders loan. Bridging loans in this instance are only beneficial if at the end of the term an applicant’s credit rating has improved enough to allow a refinance using a more traditional type of finance such as a mortgage.

At the current time the mortgage market would only be available to someone with light adverseand with very low loan to value properties (where the loan compared to the value of the property is very small). Alternatively the bridging loan could be used to allow the client enough time to sell the property correctly on the open market without being forced to sell the property below market value.