Bridging finance: What it is, when to use it, and how to make it work for you

We're going to spend the next few episodes exploring ways you can finance property projects other than using a mortgage. In this first episode, I set out to demystify bridging finance: a powerful tool, but one that investors often find confusing and intimidating.

And it's true – if you don't know what you're doing, bridging can be expensive and even dangerous. But there are certain situations where – with the right knowledge – it will give you access to profitable deals that otherwise would have passed you by.

Listen to this week’s show and learn:

*The simplest way to think about bridging finance

*How it's different from a mortgage – and how you can use those differences in your favour

*The 3 main situations where bridging finance is useful (doing deals that would be impossible without large amounts of cash)

*How much you can borrow (and why it might be more than you think)

*How much it will cost you

*The different ways of structuring your repayments

*How the process works

*The 3 critical questions you should ask yourself before taking out a bridging loan