Financing A Second Property

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.

Financing A Second Property

The amount of time it takes to sell your current home can make or break your chances of buying a new one. As a result, searches for 'Financing A Second Property' have been increasing among Australians seeking financing to help ease their transition. Unfortunately, traditional lending processes are often bogged down with slow, manual procedures. People need the flexibility to buy a new house before selling their old one given the fast-paced market of real estate. We at Bridgit want to help solve this problem. No more relying on old-school financial institutions, which take months to review your applications. We simplify things for you as a non-bank lender, as our short-term property loans are flexible, and our decisions are made quickly. When we observed the blanket policies of conventional lenders, we noticed how they excluded the needs of potential borrowers. That's why we tailor our bridging loans to your unique situation. You only need a few minutes to fill out an online application on our platform. With your Bridgit loan, you can get approval to use your home's equity in as little as 24 hours, so you can move into your property now and worry about selling your old one later.

You can stop looking for answers to your problems by searching the web for phrases like 'How To Finance A Second Property' and 'Bridging Loans Port Elizabeth'. You'll be in a better position to buy and sell on your own terms with the help of our fast bridging loan services. If you are a minimalist looking for a smaller property that's easier to maintain, you may benefit from a downsizer bridging loan. If you like throwing parties and need a big space to host a lot of guests, an upsizer bridging loan may be the right option for you. House-hunting is hard work. We can make the financing process easier, so you can focus on getting that dream house. Our low doc bridging loan is also an option for self-employed people or those lacking adequate documentation for a loan. There's no rush to accept the first offer you get on your old property out of haste to save on temporary living expenses because our fast settlements allow you to move in as soon as possible. Instead, you can put your energy into finding a buyer for your current property. The deal includes the assumption of your existing mortgage, so you only need to focus on one. With Bridgit's help, you can enjoy your property-purchasing journey free of red tape.

There's no need to keep weighing over the options from your 'Can I Get A Bridging Loan' and 'Best Residency Relocation Loan' research. Our simple and straightforward process makes it easy for you to get started. Our bridging property loans have a minimum loan amount of $300,000 and a maximum loan amount of $8,000,000. Currently, we have a repayment term of twelve months. The total loan amount includes a set-up fee. In other words, once your loan has been funded, you won't have to deal with any hidden fees. Our online application takes as little as five minutes to complete, and the information you provide will tell us how much you're eligible to borrow. Within 24 hours, we'll let you know if your application has been approved. Accept the loan offer by making an initial deposit when you are satisfied with its terms. It takes only a few days to receive settlement after the appraisal, verification, and document signing are completed. Then, you can move forward with the purchase of your ideal home. Don't hesitate to get in touch with our amazing Australian customer support team to find out more. If you have any queries concerning 'bridge finance' or 'bridge loan calculator', they will be happy to help. Bridgit can help you tap into your home's equity so you can buy a new house without having to sell your present one.

A woman wearing headphones and a black shirt.

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.