A Bridge Too Far

Be under no illusions, as with any other lender, if you are unable to repay the loan repossession proceedings will ensue. However, as bridging is a short term facility, if you are unable to pay you could find yourself in that position sooner than you might expect.

Having said that, if there is sufficient equity in the property, you can roll up interest or even increase the borrowing in order to have funds available to make monthly payments.

Specialist lenders may also roll over the loan for another period should the intended exit be delayed – so long as the original loan has operated within terms.