Bridging loans: the risky finance that could cost homebuyers
Demand for costly short-term bridging loans in increasing in the middle of the credit crunch The mortgage industry may still be recovering from the effects of the credit crunch, but in one often-overlooked corner of the market business is booming. Demand for bridging loans – short-term secured loans designed to bridge a temporary cash shortfall when buying a property – has surged, say experts …