Can I Get A Bridging Loan To Buy A House

Trustscore 4.8

134 reviews

Buy now, sell later

From 8.24% p.a, 8.33% p.a comparison rate^

Set-up fee from 0.79%
Loans up to 12 months
Funding up to $8M
LVR up to 80%

Why Bridgit

24 hour approval

Progress quickly and buy with confidence. We will come back to you regarding an approval offer in under 24 hours.

No monthly repayments

Avoid the added stress of monthly fees. Repay your loan in one sum after the sale of your existing property.

No missed opportunities

Don't miss out because of slow processes, unlock your property equity in 24 hours.

The Bridgit Solution

At Bridgit, we’re all about helping Aussie homeowners unlock their property wealth. With our specialist bridging loan solution, you can unlock your property equity before you have sold your existing property. We can help you with:

  • Downsizing
  • Upsizing
  • Investing
  • Retirement living
  • Delayed settlements
  • Cosmetic renovations
  • Financial consolidation
  • Marital separation
Learn more
The Bridgit Loan Calculator

Buy now, sell later

$
$
$
$
Buy new property
(less contribution)
$800,000
Existing
mortgage
$500,000
Sell existing
property
$2,000,000
Your estimated loan calculation
Estimated principal amount
$1,300,000
Your cash after sale
$700,000
Estimated principal amount
$1,300,000
(LVR 43%)
Based on the information provided your Loan to Value Ratio (LVR) may be too high. To help you we require some additional information; feel free to get a quote or schedule a call with our team.

Please submit an application or quote to receive a detailed breakdown of your loan amount.

Buy now, sell later

From 8.24% p.a, 8.33% p.a comparison rate^

Set-up fee from 0.79%
Loans up to 12 months
Funding up to $8M
LVR up to 80%

Simple process, faster approval

Apply online in under 5 minutes and get 24 hour approval. Don’t miss the opportunity to buy your dream home today.

Apply now

Headache free,
stress free

No monthly repayments and up to a 12 month loan term, giving you plenty of time to sell your existing property.

Learn more

Expert support,
Aussie based

Our specialist team is here to support you every step of the way.

About us
Want to know more? Bridgit FAQs

Trusted by customers
who Bridgit

Customer Service at its best.

Everyone I dealt with at Bridgit was helpful and responsive. Candice (BDM) checked in with me regularly to make sure everything was going smoothly and Andrew kept me in the loop. I recommend Bridgit highly.
- Sue Farnham

Get 24 hour approval with Bridgit

01

Submit application

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

*Subject to the loan scenario and outgoing lender processes onrefinance (if applicable).

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 12 months.

Can I Get A Bridging Loan To Buy A House

Most people are more familiar with the process of selling their old house first before purchasing a new one. But the process of selling takes so much time and effort that your chances of being able to get that new house sooner rather than later can be affected. While you are searching for a new home, bridging finance is a great option to consider, but if you were to get it from a conventional lender, you would have to deal with the slow and manual process banks follow. As a non-bank lender, our bridging loans at Bridgit can help you bypass all those frustrating and unnecessary steps. Rather than scouring the internet for information on 'Bridging Loan For Land', you can use our short-term loan options to get the financing you need for that new house now and handle the sale of your previous home from the comfort of your new one. You can finally stop looking up 'Can I Get A Bridging Loan To Buy A House' in search of faster options. As a result of our technology, we have the ability to deliver fast turnaround times, so you can focus on other important things, such as preparing your old home for potential buyers or settling into your new home.

Seeing that you want to put an end to your search for 'Can I Get A Bridging Loan To Buy A House', you can now start your journey to new home ownership at Bridgit. Benefit from our fast bridging loan options that can align with your unique needs as a homeowner - whether you were curious about 'Bridging Loans For Mortgages' or maybe 'Bridging Loans And How They Work'. If you're retiring and looking for a much more manageable space to move into, then our downsizer bridging loan will surely meet your standards. In the same light, if you want more space for your home business, you can opt for our upsizer bridging loan. Are you having trouble showing conventional documents such as proof of income? In that case, the common-sense approach we've implemented for our low doc bridging loan will make everything easier. Just match your situation and lifestyle with one of our options to experience unique advantages. Firstly, you can take a breather when it comes to selling your current house since our funds will cover the new purchase for now. You'll also get to skip short-term rental costs and storage unit fees when you use our service. Lastly, our funds can be used for your mortgage, and our prompt turnarounds will let you close property deals before others do.

If you've been wondering about 'Bridging Loans Nsw' and 'Bridging Finance Property Development', Bridgit can help get you started. It's so easy. We offer loans from $300,000 to $8,000,000, with exceptions for higher or lower amounts considered on a case-by-case basis. The total loan amount includes a reasonable set-up fee, and the loan term is for a total of twelve months. If you meet our qualifications as a borrower, you can expect a response regarding an approval offer along with the amount you are entitled to receive within 24 hours of submitting your information through our online application. We'll send you a loan offer, and if you're satisfied with the details, you can accept it by depositing the initial amount. Once your current property has been evaluated and you've signed the documents digitally, you can settle in just a few days. You'll be able to place a bid on your ideal property and move in as quickly as possible. The equity in your house can be used to purchase a new home without selling your current one. Get in touch with Bridgit's customer support today for questions about 'bridging loan interest rate' or 'short term property loans'.

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Aussie based crew

We’re here to help, if you have any questions get in touch.

Weekdays 9am – 5:30pm

1300 141 161

Disclaimer

Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply.

^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. Comparison rates for interest only loans will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Bridging Loan set up fee is from 0.79% and government charges apply.