How to buy your dream home before you sell your own! A guide to bridging loans

On this week's episode Paul & Megan chat to Alistair Ewing (Managing Director at The Lending Channel) about bridging finance.
What is bridging finance? It's a form of borrowing that allows property buyers to fund their purchase while they put their current home on the market.
Skip to the part that's relevant to you:
0:00-1:48 Intro
1:48-2:45 What is a bridging loan?
2:45-3:26 Why are they less common now?
3:26-4:16 Are bridging loans expensive?
4:16-5:06 What's the average term for a bridging loan?
5:06-6:30 Interest rate and duration implications
6:30-7:43 Risks involved in using bridging finance
7:43-9:14 What happens to the loan if you sell before the end of the term?
9:14-10:47 Using bridging finance to improve buying situation
10:47-12:44 Scenarios when bridging finance could be used
12:44-14:30 Why do lenders need an additional survey?
14:30-16:40 How does the application process differ from a standard mortgage?
16:40-20:15 Common concerns around bridging finance

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