Bridging Finance

What is a bridging loan?

Have you found yourself in a position where you have found your next property before you have sold your existing one? This is where we can help bridge the gap. A bridging loan is a short term option that covers the gap between the purchase of your new property and the sale of your current property.

What are the benefits of a bridging loan?

  • Flexibility: a bridging loan gives you the flexibility to purchase a new property before you have sold your existing one. This could mean the difference between buying your dream home or missing out;
  • It gives you the buyer control, you don’t have to wait to buy your new property while waiting for your existing property to sell;
  • It could allow you to borrow more money, as the loan process takes into account that your overall home loan debt would be reduced once you sell your existing property.

Things you should know

Bridging options are available on all our variable and 1 year fixed owner occupied home loans.

Interest is compounded monthly, which means the longer it takes to sell your property, the more interest that will accrue. You will also need to check the bridging period, which is usually six months for purchasing an existing property and 12 months for a new property.

It is important to note that higher rates and fees apply. Additional fees may also apply for additional valuations and multiple securities on loans.

If you don’t sell your home in the agreed period, we may get involved to sell the property. You may be better off asking for an extended settlement period or selling your existing home first.

How to apply.

Start the process by chatting to a lender today.


Any advice given is of a general nature only and does not take into consideration your personal circumstances. Please consider the appropriateness of the advice before acting.

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