Your Next Property
Your next property
Buying another property and need some advice? You’re in the right place. Your MediPro Specialist will take care of everything. We can answer all your questions from what you can afford, to bridging loans and beyond.
How MediPro Can Help You
If you’re purchasing a property while you haven’t sold your first one, you may need finance to cover the period between buying your new property, and selling the old one. Your MediPro Specialist will be able to guide you through this process with ease and confidence.
You may need to cover both your existing mortgage, and your new one, if you haven’t sold your own property yet. It is a short term option, usually only for 6 – 12 months, as there are fees involved and could become quite costly.
Bridging loans will cover both your existing and new mortgages. It’s a short term option for when you are have purchased a property whilst your old property is still in the process of being sold. They are usually offered at the standard variable rate.
In order to be able to secure a bridging loan, you need to have significant equity in your property. Your MediPro Specialist will be able to advise you whether this is an option for you.