Hi

I need some urgent help from you good clued up people! I need to complete on a property by end of this week and have been let down by sale on an existing property so need short term finance.

Situation is: bought a BMV house had eye on for a while and have mortgage set, just need the deposit sorted. I have a flat on let which is worth 140000 (RICS surveyed 3 weeks ago) and have outstanding mortgage of 110000 plus arrears of another 1200 on it. I basically need 45000 deposit for the new house of which I can manage 20000 myself so this leaves me with a 25000 shortfall which I'm hoping to secure on the flat.

I was thinking of possibly a bridging loan due to the speed of this and since I cannot get a decent LTV (un)secured loan as well as having a 2yr old CCJ on my name. I don't know much on these bridging loans and not sure what other solution may be available. A

Any help at all would be most welcome!

Thanks.