Scenario Spotlight | Feb 2024

February 21, 2024

Did you know that according to PEXA data, only 85% of settlements proceed as planned, leaving the remaining 14% delayed? It's a statistic that can have real consequences, as one recent Bridgit customer discovered firsthand.

Imagine the stress of trying to align the sale of your current home with the purchase of a new one for your growing family, only to have the sale fall through at the last minute. That's exactly what happened to a recent Bridgit customer. Facing the prospect of losing their deposit and potentially their dream home, they needed a solution—and fast.

Thankfully, our team was there to provide the support they needed. With Bridgit, the customer was able to unlock their property equity, allowing them to finalise the purchase of their new home without delay. This not only saved their deposit but also ensured they didn't miss out on their next step in life.

Here's a quick overview of the loan:

  • Loan amount: $2,283,000
  • Loan purpose: Buy Now, Sell Later 
  • LVR: 63.4%
  • Location: Winston Hills, NSW
  • Loan term: 6 months
  • Time to settlement from application: 10 days

Schedule a call

At Bridgit, we're committed to supporting our community every step of the way. Schedule a call with our team and find out how we’re helping Aussie homeowners make progress through property.

Latest blogs

Bridgit Blueprint: Who is bridging finance suited for?

November 21, 2024

This month, Nikki Pelizzoni, Regional Director at Bridgit, explains the broad range of clients that can benefit from access to bridging finance and how bridging can solidify your client relationships.

How to buy your next home before selling your current property

November 11, 2024

In today’s fast-paced property market, securing your dream home before it’s gone can be challenging. Let’s run through how Bridgit’s bridging finance solution allows buyers to purchase their next home before selling their current one.

Investment property settlement in three days

November 7, 2024

In the fast-moving world of real estate, speed is key. Here’s how we helped a Bridgit customer secure a bridging loan for an investment property that was ready to settle in just three days.

Ready to start?

Get your loan approved today

Apply now