This is not the time for borrowers to use bridging loans, as they will find it hard to move onto a mortgage product afterwards, a specialist financial services provider has warned. A Bridging loan company recently launched a 100 per cent product designed for people who have bought properties undervalued by up to 40 per cent, with a view to either remortgaging or immediately selling it on. Yet Savills Private Finance director Melanie Bien was sceptical about the value of such a deal, describing it as 'too risky' given the current state of valuations and urging borrowers to show caution and ensure they know the true value of any property they purchase. She explained that buyers who use a bridging loan will then have to immediately move onto a regular mortgage as quickly as possible, something that is far harder in the current market, leaving them paying the premium of the loan in the meantime. Ms Bien said this particular product was aimed at someone willing to quickly add value to a property, but noted that while bridging loans are easier to take out, most providers will not offer them unless they have some idea of where the mortgage is going to come from.