Bridging loans

Bridging loan options

1. Open Bridging Loan: If you’re buying a property and a contract for sale of your existing property has not yet been completed.
2. Closed Bridging Loan: If you’re buying a property where the contract for sale has been completed but there is a delay between the receipt of funds and the settlement to purchase the new property.

Bridging loans can be good for:

• Funding the purchase of one property before the sale of another
• Allowing you to buy a property before a long-term mortgage is arranged
• Providing temporary funding so you can buy a property in need of repair or renovation, until repairs are completed

Availability of Bridging loans

Bridging loans are available to NatWest current account customers. You may wish to take independent legal advice prior to taking a Bridging loan. For more information, please visit your nearest branch or call your Relationship Manager.

Fees and interest rates

Arrangement fees may be payable – please contact your local branch for details of fees and the latest interest rates.