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Happened to catch 5 mins while channel hopping & that tanned wrinkly bloke who looks a bit loaded is saying "and I've put the house on the market, but don't worry, I've taken out a bridging loan in case it doesn't sell" keep 'em coming Emmerdale.. ;)

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Happened to catch 5 mins while channel hopping & that tanned wrinkly bloke who looks a bit loaded is saying "and I've put the house on the market, but don't worry, I've taken out a bridging loan in case it doesn't sell" keep 'em coming Emmerdale.. ;)

If it doesn't sell you simply sit in it and keep paying the mortgage why does one need a bridging loan. Are they suggesting they can't afford the current mortgage and so need an loan to pick up the short fall until it sells, wouldn'd it be wiser to lower the price to get a quick sale before it falls further and they need an even bigger bridging loan.

Edited by Dicky

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i can remember when seth armstrong talked molly sugden into MEWing the farmhouse. she got into a fix and lost it. thats why they dont use it on the intro anymore.

the new bit where that guy gets a 'bitch slap' off that woman. well, he was the financial advisor involved and maureen - the woman that slapped him was mollys grandaughter.

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Happened to catch 5 mins while channel hopping & that tanned wrinkly bloke who looks a bit loaded is saying "and I've put the house on the market, but don't worry, I've taken out a bridging loan in case it doesn't sell" keep 'em coming Emmerdale.. ;)

Nothing wrong with bridging finance providing there is an end to the bridge.

I use it all the time with properties that are unmortgagable - get them renovated and re-mortgaged in a few months. I pay a premium for it (1.5%/month) but generally pay far far less for the property in the first place. Can be a good source of finance if used well.

But to use it because you are selling your own house.... madness!!!!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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