Our team of bridging specialists are here to help.
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This article was written when Bridgit was known as TechLend, we rebranded in early 2022 to Bridgit.
Just two months into our journey of becoming Australia’s first choice for non-bank lending, we are thrilled to announce we have hit $100M in loan applications from right across the country. TechLend has experienced unprecedented demand for our same day pre-approved bridging loans, with lockdowns seemingly having no effect on the market as virtual inspections and auctions become widely accepted.
In today’s fiercely competitive residential property market, the traditional lending structures have seen long delays in approval times and have left homeowners with increased fears of missed property opportunities. This rise in demand and subsequent backlog of applications for home loans has placed a spotlight on the outdated lending structures currently in place and the fundamental need for market disruption.
Earlier this month, TechLend was featured in the Australian Broker in an article highlighting the lending markets’ desperate need for innovation with surging demand, topped at a record $32 billion in the month of May, a 95% increase over the same time last year. This unmatched demand highlights the motivation behind our exponential growth since launch in July, and the potential future product development.
As a technology company, TechLend adopts customised and personal lending solutions to redesign the experience of buying and selling property. Unlike the big banks, we understand that every homeowner has their unique scenario and do not believe in a ‘one size fits all approach’, which is why our flexible criteria caters to everyone, including anyone who may find it difficult to provide conventional proof of income.
TechLend’s bridging loan products are here to disrupt the existing outdated market by offering homeowners:
– Same day pre-approval and funding within 48hrs
– Interest free bridging loans covering up to 100% purchase price + stamp duty
– Seamless 5-minute online application experience
To apply for a bridging loan today, click here.
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.
