This is a temporary loan providing financial cover which enables you to build or buy your new property before you sell your current home.

Advantages:

• You can complete the purchase of a new property before selling your existing property.
• You can minimize pressure, including not being forced to sell your existing home at a lower price.

Disadvantages:

• Interest payments will keep adding up until your existing property sells.
• Sufficient equity is required in your current home to support the purchase.