Short Term Lending

Posted on 15 October 2012 by Shirley Dixon

Can you get an interest only mortgage to pay a short term loan against a home fully paid without having another vehicle to pay the capital e.g. the property is the collateral?

Most mainstream lenders would shy away from this type of lending, however there are many bridging lenders who may well be able to assist you. It would really depend on exactly how 'short term' the loan is going to be. Let me know if you'd like to discuss your query in more detail, and I'll get one of our consultants to contact you.

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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