How To Know The Correct Term For A Bridging Loan

How long should you set up a bridging loan for?

The important thing to watch out for is setting a term that is too short, which can be costly if you're unable to pay back the full amount in time.

But what exactly do you need to be aware of when taking out a bridging loan to finance property purchases?

Kevin Wright looks at this in this week's Property Finance Tip video.

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[vitaliygromov]

Thank you Kevin for amazing information you are giving. Thank you

[derrollindsay]

Thanks Kevin. Love all your content and it’s helping me to learn what’s right, wrong and what to do and not to do. Do you have any live seminars coming up? Thank again.

Brilliant, I was looking for your channel and today I found it.

[mikerobpen]

Another great video Kevin, thank you..

[derrollindsay]

Great stuff as per usual Kevin, quick question... I know you said always go long with the term but isn’t there a charge to finish before the actual term?

[mytubeqz]

Great tips Kevin. Using your example of paying back a 12mth bridge in month 7, does the 5mth interest rebate apply regardless of how the interest was paid (retained, serviced or rolled up) Thanks.