Our other options are things like a long settlement, selling and leasing back for a month or two if the house doesn't get built on time, or moving into my old house for a month or two if it hasn't sold. There's options without involving banks.
Nodoc 60 eh ... we'd be at a bit less than 50% if we build without selling and 0% otherwise (hence, bridging loan sounds good). Definitely have to keep an eye on those ...
Do they do bridging loans? Like, lend you money for a few weeks/months between houses so you don't have to live in a cardboard box between selling one house and buying another?
That's brilliant news for us low income folks who live on practically nothing and thus have more money to burn than people with a higher income - but have a snowball's chance of convincing a bank of it :rolleyes:
When you get the details - as well as the interest rates I'd like to know what...