ICS Mortgages launch ‘game-changing’ Housing Bridge Loan [Video]

ICS Mortgages have launched ‘a game-changing’ Housing Bridge Loan to offer short-term loans for property deals.

The company say the lack of short-term and intermediate-term funding options has hindered the ability of many to trade down, renovate rental properties or secure new properties.

The Housing Bridge Loan provides terms of up to 18 months, allowing borrowers to transition into a regular mortgage facility later if needed.

The Bridge loan is designed to support individuals and families in smoothly transitioning between homes.

However, the company say it is also ideal for property investors seeking quick financing for auction purchases and renovations on Buy-to-Let properties.

“Our introduction of bridging finance is a game-changer for the Irish housing market,” said Ray McMahon, Chief Commercial Officer at ICS Mortgages.

“This product will improve liquidity in the Irish housing market and provides greater confidence for those looking to downsize.”

Mr. McMahon said it was essential buyers had access to fast, …