Short Term Contract Mortgage

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

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

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.

Short Term Contract Mortgage

If your current property hasn't been sold, you may lose out on dream opportunities since mortgage approvals can take a long time. Bridging loans can help. It's no wonder that more Australians are searching for 'Short Term Contract Mortgage' online. However, traditional methods often make it a tiresome task with long manual processes. At Bridgit, we understand that Aussies dream of owning their ideal homes without having to put everything on hold. That is why Bridgit is here to give you access to bridging loans to help you progress in life. Bridging is our thing - as a non-bank lender, we bring you modern benefits from flexible short-term property loans to fast decision-making. In the past, you would have had to make do with traditional and manual solutions that took weeks or even months to complete. It is now easier and more convenient than ever before to secure a deal on your dream home using our digital lending service. The application process with us will be much more convenient than that of other financial institutions, as our process takes only a few minutes to complete. Bridgit enables you to purchase a new property now and sell your old one later on by releasing the equity of your old home.

You can stop looking for answers to your problems by searching the web for phrases like 'How Does Mortgage Work When Selling And Buying A House' and 'How Does Selling A House Work With A Mortgage'. 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. Our fast settlements will allow you to move into your new home in no time, so there is no rush to accept the first offer on your old home in order to save on temporary living expenses. 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.

No more stressful nights spent searching for 'Bridge Loan Eligibility' and 'Do Bridge Loans Still Exist' from now on. To get started, the process is simple, straightforward, and should take you no more than a few minutes. You will have a term of twelve months to repay your loan. There is a set-up fee that is included in the total loan amount. You can go through the entire process completely online. Just fill out the form with the information we need to determine the amount you can borrow. We can respond within 24 hours regarding your loan approval. Once you are happy with the details of the loan, you can make an upfront deposit to accept the offer and move forward. Once our experts have made the proper assessments of your property, you can sign the documents digitally, and you can get a settlement in just a few days. The next step is to buy and move into your new home. We have an excellent team of customer service representatives in Australia who can answer your questions and help you get started on your bridge loan application. If you're wondering about 'bridging loan' or 'short term bridging loan', our representatives can help. Get access to your property's equity, and use it to buy your dream home without having to sell your current property first with Bridgit.

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.