Bridging Loans

Business, Legal & Accounting Glossary

Definition: Bridging Loans



Full Definition of Bridging Loans


Bridging loans are short term loans. Bridging loans are often used by purchasers of a property who need funds for a limited period of time. e.g. until they sell their existing home.

Major banks and building societies can offer bridging loans. But consider all the risks before you opt for a bridging loan. For example, if you take on a bridging loan and to sell your first property, can you afford to shoulder the burden?

If you do look at bridging loans, are the interest rate terms reasonable? And what is the Annual Percentage Rate (APR) being asked?


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Definition Sources


Definitions for Bridging Loans are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 0 Views.