As construction and complex lending specialists, we understand how to structure bridging loans – especially when builds, timing or multiple properties are involved.
What is a Bridging Home Loan?
A bridging loan is a short-term finance solution that allows you to buy a new property before selling your existing one. It ‘bridges’ the financial gap so you don’t have to rush a sale or miss out on your next home. You can stay in your current home and use the equity in your current home to finance your new one. A bridging loan is usually interest-only and lasts until you’ve completed the sale of your current home.
Technically, you’ll own two homes and have two home loans, but you’ll only be paying out for one. The bridging loan cost will be deducted from the equity in your current home when you sell it. It’s not ideal for a long period of time, but it’s a great solution to bridge a gap for a few months.
How Bridging Loans work
Discovery call
Choose from a range of lenders
Buy or build your next home
Sell your existing property
Why use a Mortgage Broker for a Bridging Loan?
Bridging Loans can be more complex than your standard home loans, and that’s where expertise matters.
– Not all lenders offer bridging loans
– Policies vary significantly (including interest, timeframes, repayments)
– Incorrect structuring could increase risk and cost
– We’ll handle the paperwork, saving you time
– Expert guidance from assessment to settlement, and beyond
