NatWest
Bridging Loans
NatWest Bridging Loans
A
NatWest bridging loan allows you to purchase one property
before another property has been sold and the equity released.
These
loans fall into two main categories:
- Closed
- where you have exchanged contracts on both the properties
to be purchased and the property to be sold
- Open
- where you have not exchanged contracts on the property
to be sold
You
will need to supply NatWest details of both properties including
valuations and details of your mortgages in order to assess
the loan. In addition you will need to supply your solicitor’s
name and address so that NatWest can obtain an undertaking
from them to send funds to them on the sale of your existing
property.
For
further information on a NatWest bridging loan visit the NatWest
website.
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