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Repayment

The two most common methods are sale of the property or a remortgage. Before you go into bridging finance always ensure  you have a Plan A, Plan B and preferably a Plan C.

If it is a remortgage you need to protect your credit file as if it was a loved relative as a deterioration may affect the number of lenders who will repay the bridge.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.