ICS Mortgages has introduced its new Housing Bridge Loan product, a flexible short-term financing solution aimed at homebuyers and investors looking to purchase property in Ireland.
This product is designed to provide temporary financial support, making it easier for individuals to navigate property transactions in a competitive market.
The mortgage provider stated that its Housing Bridge Loan addresses a significant demand for bridging finance, particularly in a market where limited short-term and intermediate funding options have posed challenges. These constraints have made it difficult for many to trade down, renovate rental properties, or secure new investments.
With the introduction of the Housing Bridge Loan, ICS Mortgages aims to alleviate pressures in the second-hand housing market.
The product is expected to facilitate smoother transitions for those looking to change homes, thereby contributing to a more “dynamic and accessible” property market.
The new loan product offers terms of up to 18 months, giving borrowers the flexibility to transition into a standard mortgage when ready.
ICS Mortgages, a subsidiary of Dilosk, emphasised its ongoing collaboration with mortgage brokers and estate agents. Feedback from these partners has indicated strong demand for bridging finance, reinforcing the potential impact of the new Housing Bridge Loan on the Irish property market.