How To Finance 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.

How To Finance Second Property

Moving to a new place can mark a significant change in the lives of many people, but many Australians have to take pains to sell their current home before they can move on to a new one. They search online for terms such as 'Financing A Second Property' in an attempt to make the transition easier. But bridging loans can be complex and a hassle when you have to go through the outdated processes of traditional lenders and financial institutions. When you find that you need something to bridge the gap, know that Bridgit is committed to providing you with efficient financing solutions. Our flexible short-term loan options can get you settled and financed in no time. Furthermore, the entire process can be completed online, so you don't have to visit a branch to sign documents or wait in a queue. Finally, you won't have to search for 'How To Finance Second Property' to get the help you need. We strive to provide the best experience for our customers. We saw how traditional financial institutions' processes turned away potential clients, which is why we built our own custom technology to improve the bridging loan application and lending processes.

Seeing that you want to put an end to your search for 'How To Finance Second Property', 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 'How To Get A Loan For A Second Property' or maybe 'Financial Hardship Loans To Relocate'. 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. Last but not least, the funds we'll send can pay off your mortgage obligation, and our quick settlement will let you lock in property opportunities sooner than others.

You can rest assured that Bridgit can assist you with your search for 'Bridge Lender' or 'Gap Finance'. With our lending service, you can look forward to loans with a minimum balance of $300,000 and a maximum balance of $8,000,000. This amount will let you sell your house with utmost confidence and spot applicable options in the online market for residential properties. Best of all, our client-forward terms and conditions can provide you with a repayment period of twelve months. With the reasonably priced arrangement fee incorporated in the loan's total, our team of professionals can make sure you have seamless and hassle-free procedures. For example, after you fill out our virtual application papers with your contact information, you can expect us to respond within 24 hours. If we approve your request as a client, we'll send you a notice on how much you can borrow, and then you can pay an initial amount to make everything final. When you've signed the essential documents through our virtual portal, all that's left is for you to do is secure your new property. Try our service at Bridgit, and harness your home's usable equity. Contact us now, and feel free to speak to our customer support for questions that relate to 'short term property loan' or perhaps 'bridge loan'.

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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.