This is lowest rate of interest that a bank will charge when it lends money. This is set by the Bank of England and is consistently reviewed throughout the year.

From time to time, a purchaser may require temporary financial assistance in order to complete the purchase of a property before their own sale completes. This bridging loan can on occasion to be used for as little as a few days until a purchaser’s funds become available.

Conducted by a chartered surveyor, a building survey entails a detailed report testing the soundness of a property and any potential structural flaws.