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Hi,

New to property investing and very interested in flipping a property to fund an HMO (and build from there).

I recently left my job, and have enough savings to keep myself afloat for a fair few months before a new source of income is required. It's during this time I'd be keen to refurb something and sell.

I don't own any property, nor have I ever, but was wondering if I would be eligible for "bridging" finance, including refurb costs? I always assumed bridging involved selling an existing property during the bridge-loan term, securing the loan with your current property as well. 

Anyone able to clarify please? If not bridging, would any general short-term lenders work given my circumstances/profile? If useful, I'm 28 years old with no real credit history (certainly not any bad history).

Many thanks,

Jord

 

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