bridging loan
Covers until permanent mortgage
A bridging loan is short-term financing that covers a gap between two transactions—most commonly when buying a new home before selling the current one.
The loan "bridges" the period when you need funds but haven't yet received them from a pending sale or longer-term financing.
Also called a bridge loan, especially in American English.
Secured home loan
- real estateLand and its structures
- conveyancingLegal property transfer process
- valuationAssessment of monetary worth
- equityImpartial treatment or ownership value
deed · title · surveyor · completion · exchange · freehold · leasehold · land registry
Of limited duration
- lendingTemporary provision of resources
- interestAttention, stake, or fee
- collateralSecurity for debt
- liquidityConvertibility to cash
repayment · borrower · lender · underwriting · default · principal · amortization · security
Provisional in-between phase
- stopgapTemporary substitute measure
- temporaryLimited in duration
- provisionalConditional and possibly temporary
- contingentConditional or representative group
emergency · expedient · cash flow · timing · overlap · pending · quick turnaround · flexibility
mortgage
Secured home loan
- real estateLand and its structures
- conveyancingLegal property transfer process
- valuationAssessment of monetary worth
equity · deed · title · surveyor · completion · exchange · freehold · leasehold · land registry · escrow
short-term
Of limited duration
- lendingTemporary provision of resources
- interestAttention, stake, or fee
- collateralSecurity for debt
liquidity · repayment · borrower · lender · underwriting · default · principal · amortization · security · guarantee
interim
Provisional in-between phase
- stopgapTemporary substitute measure
- temporaryLimited in duration
- provisionalConditional and possibly temporary
contingent · emergency · expedient · cash flow · timing · overlap · pending · quick turnaround · flexibility · urgent
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- UK Propertyfreehold, leasehold, estate agent, council house, terraced house
- housing marketstarter home, first home, fixer-upper, condo, flat
bridging loanmortgage
Secured home loan
long-term loan · permanent loan · term loan · conventional mortgage · fixed-rate mortgage
bridge, bridged, bridges, bridging, loan, loans, loaned, loaning, loanword