Are you in need of capital when you are selling your current home and buying a new one? If the seller of your next property is not going to extend the settlement and your own selling process will take additional time you might consider taking a bridging loan.
When should I consider a bridging loan?
A bridging loan is a short term which is applicable if you are selling and buying at the same time. The typical loan term is six to twelve months and will cover both your current and new debt.
Who are eligible for a bridging loan?
Almost all lenders offer this type of loan but all of them will require you to have significant equity in your property. Our expert broker will explain all the conditions to you as well as assess your eligibility.
How can we help?
Bridging loans are standard variable rate loans. The conditions and features of the loans vary from lender to lender and our expert can demystify all of that to you so that you can take the right decision.