During the summer we completed the purchase of a new home. Our existing home which is in move in condition in a great area and being marketed at a competitive price has failed to sell because of the time of year and for no other reason. We are now committed to buy the other home however the sub prime mortgage market has collapsed in the meantime meaning that raising the bridging finance is proving next to impossible. We have 3 weeks to raise 150,000 pounds (I am in the UK). Our IFA is working hard to find a suitable mortgage product but the changing market conditions are making this very hard. We have no rich relatives. The issue is mostly that we were going to borrow on the 200K+ equity on our existing home self cert to do the bridge but the loan to value available has been dropped dramatically as lenders play safe, leaving us stuck with a problem in the meantime. Help! What is the quickest way to raise this money?
Can I just emphasise that I am in the UK, so need a loan in sterling. Also anyone who replies offering finance but without a phone number and website and some means of verifying themselves will be ignored.
Posts Tagged ‘bridge’
How do I raise finance quickly?
Tuesday, September 22nd, 2009Related ‘bridge’ sites :
| Bridge - Wikipedia, the free encyclopedia A bridge is a structure built to span a valley, road, body of water, ... Designs of bridges vary depending on the function of the bridge, the nature of the ... en.wikipedia.org/wiki/Bridge | |
| bridge: Definition from Answers.com bridge n. A structure spanning and providing passage over a gap or barrier, such as a river or roadway www.answers.com/topic/bridge | |
| Bridge Base Online - MSN Games Play classic bridge online against the computer, with others, or in a competitive environment. zone.msn.com/en/bridge | |
| Contract bridge - Wikipedia, the free encyclopedia Contract bridge, usually known simply as bridge, is a trick-taking card game played by ... In rubber bridge, two partnerships participate in the game at one ... en.wikipedia.org/wiki/ | |
| Contract Bridge Outlines the rules and nature of several varieties of bridge, including expert and beginner games. www.pagat.com/boston/ | |
| Bridge: Information from Answers.com Bridge In string instruments, a wedge or bar, usually of hard wood, inserted between the belly and strings www.answers.com/topic/ | |
| Bridge | Define Bridge at Dictionary.com Bridge definition, a structure spanning and providing passage over a river, chasm, road, or the like. See more. dictionary.reference.com/ | |
| bridge - definition of bridge by the Free Online Dictionary ... 2. Something resembling or analogous to this structure in form or function: a land bridge between the continents; a bridge of understanding between two countries. 3. ... www.thefreedictionary.com/ | |
| bridge - Definition of bridge at YourDictionary.com Definition of bridge from Webster's New World College Dictionary. Meaning of bridge. Pronunciation of bridge. Definition of the word bridge. Origin of the word bridge www.yourdictionary.com/bridge | |
| bridge - Wiktionary The rope bridge crosses the river. (anatomy) The upper bony ridge of the human nose. ... ECMO is used as a bridge to surgery to stabilize the patient ... en.wiktionary.org/wiki/bridge | |