The answer? A mortgage bridging loan!

This problem doesn't just apply to individuals, it applies to companies and corporations with loans too. Short term finance can often be a problem for small to medium sized companies, because their credit status is less than perfect. If your company is trying to expand, you probably need all your resources for the expansion, and are finding it hard to come up with the cash-flow to pay for the transitional financing costs as you move to bigger premises. Is there a quick, short term answer to the problem? Yes!

A mortgage bridge loan! So what is a bridging loan? Exactly what its name suggests - a short term aid to get you from point A to point B with the minimum of hassle. Lets look at the most common scenario - moving house. You are effectively engaging in two separate transactions when you upgrade your house. You are selling your existing home, and buying your new (better!) home. In a perfect world, these two separate transactions would mesh perfectly, and occur

A mortgage bridging loan for businesses

If your business is engaged in purchasing commercial property with a view to a short term commitment, the a bridge loan is probably the right solution for you too. If your interest in the property is under say 4 years, a short term bridge will enable you to move swiftly on the purchase, at a cost not significantly higher than arranging a normal mortgage, with all the hassle that entails. You are also, of course, free to sell the property whenever you wish with this kind of loan.

As you can see - mortgage bridging finance can help 'bridge' the gap in the short term, and even though you will probably pay a few points extra in interest rates, the freedom and speed with which you can set up the loan more than compensates!
About the Author

Wilma writes for www.mortgagedown.com the web's number one site for free mortgage advice.