Move When You Want, Not When You Have To
A bridging loan lets you secure your next home before your current one sells - so you're not pressured into accepting a low offer, or missing the right property.
Buy Now, Sell Later - Without the Stress
Bridging loans are short-term finance that 'bridge' the gap between buying your new property and selling your existing one. When structured correctly, they give you confidence and flexibility.
Bridging Loan Snapshot
Managing a Bridging Loan End-to-End
Bridging finance requires careful sequencing. We coordinate every step.
Situation Assessment
We review both properties, your existing mortgage, and your sale timeline to confirm bridging is the right structure and what peak debt looks like.
Lender Selection
Bridging loan policies vary widely between lenders. We match you to the right one for your specific situation and timeline.
Approval & Settlement
We obtain approval for the bridging loan and coordinate settlement of your new property - often while your existing property is still on the market.
Exit & Long-Term Loan
Once your existing home sells, the bridging component is paid out. We review the market and arrange your long-term loan at the best available rate.
Is a Bridging Loan Right for Your Situation?
Bridging loans suit a specific set of circumstances. They work well when:
- You are buying a new property while your existing home is on the market or not yet sold
- You have clear equity in your existing property
- You have a realistic timeline to sell your existing home within 12 months
- You can service the peak debt (or accept capitalised interest during the bridge)
- Simultaneous settlement is either not possible or not desirable
Bridging Loan FAQs
A bridging loan is short-term finance that allows you to buy a new property before selling your existing one. It temporarily funds both properties at once, then is paid off when your existing home sells.
Most bridging loans have a maximum term of 6 - 12 months. This gives you time to sell your existing property without undue pressure.
We plan for this scenario. Most lenders allow extension of the bridge period, and we ensure you understand the costs and contingency options before you commit.
Bridging loans typically have rates similar to standard home loans, but because you're carrying two properties temporarily, your total interest cost is higher for that period. The financial benefit is avoiding a rushed sale at a lower price.
Yes - this is an 'open' bridging loan. Lenders tend to be more cautious with open bridging, but they are widely available. We advise on what you need to demonstrate.
Talk to an Ignite Broker Today
Whether you're ready to apply or just exploring your options - we're here to help with no obligation.
Book Your Free Consultation
A no-obligation chat with Ali or one of our team. We'll walk through your options and give you a clear picture of what's possible.
Or call 08 8379 3636