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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.

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