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Olivia

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Stop Repossession

Bridging Finance can help to prevent property repossessions.

estate planning 09 Bridging Finance
estate planning 10 Bridging Finance

Bridging Finance to Stop Repossession

By definition, you are in arrears the moment you miss the deadline for a single mortgage payment. This means you have overdue payments on your property and are therefore in arrears.

A bridging loan would be implemented on a short-term basis to clear the mortgage and avoid the repossession. Due to bridging finance not having any monthly payment it eases the pressure off you and provides you time to sell the property on your own terms whilst finding an affordable housing solution.