Will a bridging loan affect my mortgage application?

Yes, taking out a bridging loan can potentially impact your mortgage application. Lenders evaluating your mortgage application consider your overall debt load and financial obligations. If you have an existing bridging loan, this will be taken into account when assessing your ability to manage additional debt, such as a mortgage. It’s advisable to inform potential mortgage lenders about any existing bridging loans and have a clear plan for repaying them.