
In a competitive property market, you often need to buy your new home before you've sold your current one. Timing it perfectly is stressful. A bridging loan is a short-term finance solution that "bridges the gap," letting you secure your next property first without the rush.
A bridging loan covers the purchase price of your new home while you wait for your existing property to sell.
For example, the lender calculates your "peak debt" (your current loan + the new loan) and gives you a set period to sell your old home.
Disclaimer: All information provided is general in nature and does not constitute personal financial advice. Your full financial situation would need to be assessed. Lending criteria, fees, and charges apply. Please view our Privacy Policy and Credit Guide.