A sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another.
Example sentencesExamples
- In addition, because there is a strong market and properties tend to sell quickly - bridging loans are easier to obtain.
- Is there anywhere she can get a bridging loan if her purchase goes through before her house is sold?
- I also took out a bridging loan with the bank to make up the shortfall in the deposit.
- This also nullifies the need to negotiate a bridging loan with the bank.
- Clearly the company will need more cash - and it says discussions are progressing for a £15m bridging loan.