Can you Remortgage to pay for a house Extension? Bridging fund getting short-name credit simply This really is a short-label mortgage https://paydayloanalabama.com/russellville/ that allows one to increase financing to pay for gap ranging from selling your existing property and purchasing an alternate you to definitely. Occasionally, you decide to go to have a bridging loan to pay for complete pricing of your home expansion investment, particularly if your own intent will be to sell it after the venture is fully gone. One thing to recall would be the fact bridging funds arrives with high interest rates, an agent commission and you can a lender fee. Generally, we need to leave this option having past.