Bridging loan

You have found the right next home before your current one has sold, or you are building while living in the home you own. A bridging loan means you do not have to let the right property go.

A bridging loan is a temporary loan that funds the new purchase while your existing property sells. During the bridging period there are usually no repayments: interest is added to the loan, and the proceeds of your sale pay it down at settlement.

We calculate your peak debt, check the numbers hold under a conservative sale price, and structure the loan so the end position is a normal mortgage on your new home.

Bridging periods typically run six to twelve months, so a realistic sale price matters more than an optimistic one. Interest compounds while nothing is being repaid.