In some cases, instead of having the worry and uncertainty of losing the property you want, rather than securing via a traditional mortgage it may be feasible to consider some form of short-term finance, if your financial situation enables you to facilitate this.
Currently, a popular route is to use some form of Bridging finance, which is typically taken out over a shorter period of time, this can provide you with a fast financial solution that allows you to act quickly and purchase your next home without having to wait for funds. Whilst in some cases the cost may prove prohibitive it’s certainly worth exploring to see if this can be a realistic alternative.
At David Phillip Estate Agents, we work with MAB Bingley who have access to various ways of enabling you to prevent ‘breaking the chain’ and securing your dream property
If you would like any more information please contact our preferred Mortgage Provider, Jennie Newby at MAB Bingley, who can talk you through the process and answer any questions you may have.
Contact Jennie e: (firstname.lastname@example.org t: 07761 659486)