From: "Tim" 
Newsgroups: uk.finance
Subject: Re: Bridging loan?
Date: Fri, 11 Jun 2004 19:52:00 +0000 (UTC)

> Tim  writes
> >In that case, how would they even get the bridging loan??
> >If they can't afford a "normal" mortgage, then surely
> >they won't be able to afford a bridging loan either?
>
"john boyle" wrote
> True 'Bridging' isnt assessed in the same way, you just have to prove
> you can afford the monthly interest. 'Income multiples' dont exist.

Agreed, but 'Income multiples' don't exist with "non-status" mortgages
either ...

[It's only "affordability" that matters with either.]