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Key Criteria For bridging loans - An Intro
The applicant is spending thousands, sometimes tens of thousands of pounds on a bridging loan, but try to save a few hundred pounds by instructing a sub-standard solicitor who is not sufficiently experienced to deal with these types of transaction.
Short term bridging loans are provided for the time the borrower is able to sell old property to pay off the loan. Those who have a poor credit history will pay more for the loan.