Our team of bridging specialists are here to help.
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Location: Jimboomba, QLD
LVR: 60%
Loan Amount: $964,000
Use of Funds: Buy now sell later
Scenario: This month, we spotlight a recently accredited broker and their client. After waiting months for loan approval with her current lender, the Aussie homeowner was about to lose her dream property along with the already paid deposit.
In most Australian states, a two-week grace period is given if a property settlement deadline cannot be met in time, however, at this time in Queensland, the contract could be terminated immediately, meaning would lose everything.
Due to these time constraints, waiting for the traditional lender to approve the bridging loan was not an option. Within just 24hrs of reaching out to Bridgit, we were able to accredit the broker, offer unconditional approval, and our customer was able to secure her dream home.
We couldn’t be happier to help another Aussie access fast bridging finance and purchase her Jimboomba property!
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.
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.
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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.
