A bridging loan can be used to cover financial gap when buying one property before existing one is sold. They are looked on as short term lending to cover a specific short term need.

A bridging loan as name implies is a loan used to “bridge” financial gap between monies required for your new property completion prior to your existing property having been sold.

Bridging loans are short term loans arranged when you need to purchase a house but are unable to arrange mortgage for some reason, such as there is a delay in selling your existing property.

A bridging loan can also be used to raise capital pending sale of a property.

Today, credit is an indispensable part of our lives. In order to get things you need, such as a home or a car, you have to apply for a credit. But you cannot get a credit without having a credit history, and you cannot get a good quality credit without having a good credit history. So, it is important to start building your credit history when you're young.

When applying for a credit, if you don't have a credit history, it is possible your credit application to be denied. This means you definitely need to start building a credit history. There are different ways to start a credit history. If you're a student, you can get a student card from companies that offer such special cards. On this credit card you can charge your necessities and at same time build your own credit history.

When you're a young adult and you have always used checks or paid cash for your purchases you'll soon realize that you cannot apply for a credit as you don't have a credit history. A secured credit card can really help you. These secured credit cards are considered a first step for those with no credit history. For obtaining a secured credit card a deposit is required and spending limit is equal to amount of deposit. To make sure you're building a good credit history with this first credit card, be careful not to go over limit and pay your bills on time. After some time, depending on each company, you can apply for an unsecured credit card but only if you have a good credit history.

There are also other more simple ways of starting a credit history. One easy solution is to open a savings or checking account that will definitely show how you are able to manage your money. Or if you have a cellular phone or a pager and pay your bills on time every month, you can demonstrate that you're capable to control your money wisely. Another way is to consider applying for a card offered by gasoline companies or retail stores. This type of card has a low credit limit and can be paid off each month.