Our team of bridging specialists are here to help.
After successfully bidding on her perfect property at auction, a client of Shaun Jones from Mason Finance Group found herself in a tricky situation.
Here’s how our BDM, Jolene Farrow, helped Shaun Jones, Senior Mortgage Broker at Mason Finance Group secure a loan for his client, a downsizer looking for a quick settlement when a traditional lender let her down after her auction win.
Shaun's downsizer client successfully bid on her perfect property at auction but despite receiving conditional approval from a traditional lender, she was then declined for formal approval, leaving her facing a 30-day settlement without a home loan
At that point, Shaun’s client hadn’t even started the sale process for her current property, meaning the equity was still tied up in her existing home.
Let’s take a closer look at the loan:
Bridgit helped the customer secure conditional bridging finance approval in 24 hours, complete valuations and provide formal approval in seven days. She met her 30-day settlement deadline easily and was able to proceed with the purchase of her dream home.
Shaun reflected on his positive experience with Bridgit:
“It was great to be able to provide a quick solution for a client that was stressed and stuck with an unconditional contract - Bridgit enables clients to have re-assurance to be able to move ahead with excellent timeframes.”
Do you have a client who might benefit from Bridgit’s single-security bridging loan?
Schedule a call today and workshop a scenario with one of our specialists.
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.
