Can I Use 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^

Simple process icon
5 minute application
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%

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

Variable Bridge Rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.24

%
p.a.
Comparison rate^

8.33

%
p.a.

Bridge Rate from

8.24

%
p.a.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i
Comparison Rate^ from
All rates are variable

8.33

%
p.a.
Apply now
Up to 12 month loan term
Up to 80% LVR
Owner-occupied, investment

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

Variable Bridge Rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.74

%
p.a.
Comparison rate^

8.84

%
p.a.

Bridge Rate from

8.24

%
p.a.
The Bridge rate applies at the start of the loan term. All rates are variable.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

Stay Rate1 from

7.29

%
p.a.
After the existing properties are sold and there is the residual loan balance remaining, the Stay Rate1 is applied.
All rates are variable.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i
Comparison Rate^ from
All rates are variable

7.44

%
p.a.
Apply now
Up to 12 month loan term
Up to 80% LVR
Owner-occupied, investment

1

Apply in minutes

Quick and simple online application with bank level security and encryption.

2

Fast approval

Get approved within 24 hours and progress with confidence.

3

Buy now

Make the most of opportunities! Take your time finding your next perfect home.

4

Sell later

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

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

Going above and beyond for results

The priority that was placed on this file and constant updates was truly appreciated. Thank you for using common sense and finding a solution for our client’s needs on an oddly zoned security.
- Nicole Fox

Great Team

During the stressful times of obtaining Finance, the BRIDGIT Team came to thefore. We are most grateful for their advice and support.
- MTW

The team at Bridgit were remarkably talented

The team at Bridgit were remarkably talented and understands the pressing issues the situation demands. I cannot thank them enough for stepping up to a life saving situation for customers.
- Jehan Fernando

We are so happy we chose Bridgit

We are so happy we chose Bridgit over a bank. Tom, George and Ken assisted us all the way. They explained everything and made the process easy and stress free. We cannot recommend Bridgit highly enough.
- Felicity F

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. I found Bridgit to be way more efficient than the big banks. The communication was great too.
- Michael

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

Once we’ve valued the property and completed final verifications, sign the documents and you are on your way to settlement in as little as 48hrs*.

*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 Use A Bridging Loan To Buy A House

Although a lot of work, most people moving into a new place would have to first sell their current property to pay off the new one. Since this method involves a time-consuming process, a great number of Australians would be inclined to look up 'Can I Use A Bridging Loan To Buy A House' or other related terms online and would usually settle with a traditional bank lender that could take weeks or even months to get them approved for short-term finance. We understand you need to act quickly to secure a great option for your dream home, so wouldn't you rather do away with lengthy procedures and find a service that offers excellent solutions? Not to worry; we at Bridgit are here to help, as we're devoted to providing loan options that can take care of your future housing arrangements. What's great about our service is that your search for 'Can I Get Bridging Finance' can, at last, come to a close. Simply use our online setup, and discover firsthand how we shorten application times. Scroll through the Bridgit platform, complete our easy application in minutes, and become part of our empowered community of Aussie homeowners. Get bridging loans today so you can access your property's value before you sell it.

Bridgit's fast bridging loans are perfect for you if you've been searching for 'Can I Use A Bridging Loan To Buy A House' online. Whatever your circumstances or image of your dream home may be, you can control the process of buying and selling. Instead of searching for 'Can You Get Bridging Loans For House Purchase' and 'Can You Get A Bridging Loan To Buy A House' online, don't miss the opportunity to own your dream home ever again with one of our fast bridging loan options. Whether you want to consider a downsizer bridging loan to live a simpler and more practical lifestyle or you're considering an upsizer bridging loan to move into a larger home in the suburbs, Bridgit provides you with the flexibility to move according to your own needs. Our low doc bridging loan makes the process easier for those who have difficulty providing conventional proof of income. With our fast settlements, you'll be able to move into your new home as soon as possible, so there's no rush to accept the first offer you receive. You can then spend more time finding the right buyer for your current home instead. We also take care of your existing mortgage, so you only focus on one. Rather than spending thousands on short-term living expenses, you can concentrate on finding your perfect home while we handle the settlement process for you.

Whether you're wondering about 'Bridge Loan For Home' or 'Compare Bridging Loans', you can trust Bridgit to deliver quick solutions to you with our expert team. Through Bridgit, you don't have to wait weeks or months for settlement if you're planning to finance a bridging loan. It only takes a few minutes to get started with our bridging loan application, and you can expect to hear about the status of your application within 24 hours. Your application status can be checked at any time through our customer portal, where you can find live updates. If it is approved, then our expert team will appraise your property value to help you determine how much you can loan with Bridgit. After that, you can choose to accept the loan offer by making a small deposit to proceed. Once we've completed the final verifications, all you need to do is sign the documents electronically and purchase your dream home. There's no rush to pay off your Bridgit loan; you have up to twelve months to pay off your loan using your old property. If you're wondering about 'short term bridging loans', 'short term property finance', or any related question, you can contact our support team. Unlock the potential of your home, and empower yourselves. Let's talk about how you can unlock your property equity today.

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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.

1 The Stay Rate will only apply if a repayment is made from the sale of Outgoing Properties (or another repayment method approved by us, at our discretion) and the repayment reduces the Amount You Owe to an amount that is equal to or less than your Residual Loan Balance.

^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. For Upsizer loans, a Bridge Rate applies for the first 12 months, followed by a Stay Rate thereafter. For Downsizer loans, only the Bridge Rate applies. WARNING: This comparison rate is true only for the example provided and may not include all fees and charges. Different loan amounts, terms, or fee structures will result in different comparison rates. For interest-only periods, your loan balance does not reduce, meaning you may pay more interest over the life of the loan. Set-up fee from 0.79% and government charges apply.