If your planned new house purchase has stalled because you cannot sell your existing house or because your potential buyer has dropped out, there is a solution. Take out one or two bridging loans. If your existing mortgage on your current property is small compared to the value of your property it is possible to raise money using a Second Charge Loan. This is where the Bridging Loan lender lends money to you using your current property as security. You can also use your new property as well or both of them. Although Bridging Loans are generally used to raise cash in an emergency they can also be used to break that stalled house purchase chain and allow all the purchases to complete. You can also get a contribution from the others in the chain towards your costs. ?The amount you can borrow depends on the Loan To Value (LTV) of your property, this is expressed as a percentage of your existing mortgage and the value of the property. In today's market maximum LTV's of 70% are the norm and are currently available. The maximum available loan figure can be calculated by multiplying the value of your property by 70 and then divide the result by 100. Then deduct your current mortgage balance and any other secured loans you have on the property, this will give you the gross maximum loan amount. If this does not raise enough for the deposit or the purchase price of your new property you can raise money in a similar way on your new property. ?Although this can be an expensive procedure to break the house buying chain with arrangement fees, monthly interest payments, legal fees and valuation fees, it can be worth the cost in some circumstances. Such as if your vendor is after a quick sale and is selling at a discount to achieve this. It may also be worth contacting other members of the house buying chain to see if they will contribute to your Bridging Loan costs to enable them to complete their house purchases.