If you are going to use a Bridging Loan you must remember that they are a secured loan, so you will be required to provide the company with some form collateral. The collateral provided can be the new home you are purchasing or the one you are selling, it can also be any other valuable item.

The interest rates that come with a bridging loan are a lot higher than other loans you must remember this, it is because they are only short term and also carry very high risks so the lender needs to make sure that they are protected. The interest rates will vary from each lender. The best place to look for a bridging loan is online, it allows you to compare all their different interest rates and also enables you too look in to the companies background and find out what other people think of them.