Our team of bridging specialists are here to help.
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Location: Sunset Beach, QLD
LVR: 43%
Loan Amount: $1.5M
Use of Funds: Buy now sell later
Scenario: There’s no doubt that the festive month of December can be a busy one, especially for the booming Australian property market. Earlier this month, NSW Macmasters Beach homeowner, Frances found the perfect property for her daughter to relocate to in tropical QLD.
However, due to such a tight turnaround time prior to Christmas, Frances was unable to secure financing from any other lender. 24hrs after reaching out to Bridgit, Frances was unconditionally approved for her bridging loan and was able to successfully purchase her new QLD home.
Retirement is a time to embrace new opportunities, and for many, it’s the perfect stage to make a change in their living arrangements. Whether you’re downsizing, relocating closer to family, or finding a home better suited to your lifestyle, leveraging the equity in your home can make it all possible.
In this article, we’ll explore the nine key benefits of adopting a “buy first” strategy, offering insights into why this approach could be the smartest choice for Aussie homeowners in the Australian real estate market.
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This month, Colin Bentley, Head of Lending at Bridgit, takes us through why bridging is often misunderstood, and shares strategies to help you confidently present it as a valuable solution for your clients.
