In our experience at iam this can be a useful but expensive option. Most often used by homeowners who are moving onto their next home, a bridging loan is usually short-term and covers the gap between buying your new home before the old one is sold. The finance is generally secured against your existing property equity. Bridging loans normally carry a much higher interest rate than other loan types. Make sure you consult us fist about better loan options if longer term financing is required.