In bridging finance, there are regulated and unregulated loans.
In basic terms, a regulated bridging loan is regulated by the Financial Conduct Authority, and an unregulated loan is not.
A regulated loan is there to protect customers against misinformation from brokers and lenders and is used for most loans and mortgages.
You can use a regulated bridging loan to;
- Renovate your current home
- Purchase a property at an auction
- To break a property chain