The unstable housing market makes this a “risky” time for both borrowers and lenders to be considering bridging
According to Savills Private Finance director Melanie Bien, those who buy a house with the intention of selling it on could be unable to do so very quickly in the current climate, leaving them with an expensive premium to pay.
Falling house prices also means that lenders are unlikely to be willing to grant such
Ms Bien, said: “Lenders are going to be more cautious than ever and borrowers should be as well, to make sure they understand what price they are paying and what the property’s worth.”
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