We're currently buying a property here in Lanzarote and the seller is allowing us a few months extra to fund the purchase. We have 2/3rds already and selling a property in UK to raise the balance.
We're sure it will sell OK, but want to plan for any problems. If there's a delay we need a short term fix.
But we have no earnings income.
I've been reading about bridging loans. Seem to be about 1% per month. Don't mind paying, to avoid losing our deposit.
Or are there other alternatives?
We're sure it will sell OK, but want to plan for any problems. If there's a delay we need a short term fix.
But we have no earnings income.
I've been reading about bridging loans. Seem to be about 1% per month. Don't mind paying, to avoid losing our deposit.
Or are there other alternatives?