It is also called a short-term option for funding as it is used in bridging the gap between the debt with a coming due and the credit becoming available. In case you are on the process of selling your property and have plans to move houses, then there is a tendency of the down payment of your new house being due before you even receive the proceeds from your existing property’s sale. On the brighter side, you can make use of the bridging loan for your down payment. Apart from that, you can also use it in paying for the legal fees as well  as the stamp duty.

​In this case, you can consider getting a bridging loan in order to make the down-payment first. It can also be used for the payment of stamp duty and legal fees.