A bridging loan covers the gap between purchasing your next home and settling the sale of your existing one. It allows you to move quickly in a competitive market where good properties sell fast. Because it is temporary finance, the interest rate can be higher, which makes timing your sale important. Many homeowners use bridging loans when they find a property they love before their current home is ready to sell. However, the financial pressure increases the longer your property remains unsold, so agent selection directly affects your risk. A skilled agent will help you sell within the ideal timeframe while maintaining a strong sale price. Understanding how bridging loans work can reduce stress and help you feel more confident in buying first and selling second.
