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Short Term Property Loans In Canberra


How to Secure Short Term Property Loans in Canberra

Are you looking into options for short term property loans in Canberra? Have you been feeling overwhelmed by the process of buying a new home because your existing one is still on the market? Bridgit is here to help make your financing and property transition journey easier for you.

Finding suitable Canberra property loans can be daunting. So, let us take you through the basics of short term property loans, such as bridging loans, and how Bridgit can assist you in landing your dream home.

Secure the home you deserve

Isn’t it frustrating to be held back by your existing home when you’re trying to buy a new one? When you haven’t sold your current property yet, it can be tough to secure a new home that truly matches your needs, goals, and financial capability.

This is where Bridgit comes in. Our bridging loans are a type of short term property loan that gives you the financing you need to secure your new property without selling the existing one. This way, you won’t need to settle for less or worry about someone else buying the property you’ve got your eye on while you’re trying to close a sale.

Whether you’re retiring and need to move to a retirement home, or someone who needs more space for their growing family, our short term property funding solutions may just be what you’re looking for.

Financing meant for you

Our bridging loan solutions at Bridgit are designed to be flexible and convenient, allowing you to buy before you sell.

These loans are all about crafting a financing route that aligns seamlessly with your immediate goals. So, if you’re looking at short term property loans in Canberra in the hopes of purchasing your next home before selling, our bridging loan is the way to go.

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.
Owner-occupied
Investment

Residential Bridging Loan

Buy now, sell later

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

8.24

%
p.a.

Variable 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

8.33

%
p.a.
Comparison rate
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees

Residential Bridging Loan

Buy now, sell later

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

8.74

%
p.a.

Variable 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

8.84

%
p.a.
Comparison rate
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees
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.
Get a quote

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

Get 24 hour approval

Apply nowSchedule a call

Why buy before you sell with Bridgit?

No income verification

We assess loans based on property equity and asset position.

No monthly repayments

No monthly repayments or fees for the duration of the loan term

No double mortages

We’ll pay your existing mortgage, so you don’t have to worry about two mortgages at once.

Save on temporary living

Move into your home sooner and avoid short-term rental, storage and moving costs.

No missed opportunities

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

Apply nowSchedule a call

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
Trustpilot

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.

Apply NowSchedule a call
Frequently Asked Questions (FAQ)

What are the key features of short term property loans in Canberra?

Repayment terms
These loans have shorter repayment terms compared to traditional mortgage loans. If you’re looking to get financing for your new home with a repayment period that won’t go on for too long, short home property loans are the best way to go.

At Bridgit, we offer upsizing and downsizing short term property loans in Canberra and beyond with loan terms of up to 12 months.

Quick process
With traditional lenders the application process tends to be more rigorous and can take a few months to complete. In comparison, short term property loans with Bridgit are less time-consuming to apply for and get approval for.

If you’re looking for a quicker way to secure short term property loans in Canberra so that you can buy before you sell, Bridgit is the right place to be. We believe in the power of technology to simplify complex financial processes. Our approach embodies swiftness and simplicity via our secure online application process that takes five to ten minutes, providing approvals within twenty-four hours.

This isn’t just about getting fast property loans; it’s about making the process as seamless as possible so you can enjoy the excitement of getting the home you deserve.

Flexibility
Because you don’t have to commit to several years of repayment, short term loans give you the flexibility that you may need. When you opt for a short term home loan, you’ll have your repayments done sooner and will no longer have them hanging over your head.

Flexible repayment terms give you peace of mind and the ability to just enjoy your new home.

This flexibility is especially present in Bridgit’s bridge financing solutions. Since we don’t charge early repayment fees, you’re free to settle your loan as soon as you can without incurring more costs.

What is the role of credit scores in securing short term property loans in Canberra?

When it comes to short term property finance, your credit history is essential. Your credit score is a key factor that lenders use to evaluate your creditworthiness since it represents your past financial behaviour.

Take the next step towards your new home

At Bridgit, we pride ourselves on redefining the essence of homeownership with our innovative bridging loans. Founded in 2021, our company was born out of a vision to transform the way people can access finance for their homes.

We understand the value of a home and the emotional connection it holds. So, when we saw the need for a specialised service in bridging finance options, we stepped in to fill it with expertise, technology, and convenience.

Bridgit doesn’t just offer Canberra loans, either. Our mission is to empower Australians across the country, providing them with the ability to acquire their dream property without the pressure of selling their current home first. So, whether you’re looking for short term property loans in Canberra or wherever else in the country, you can turn to us for your financing needs.

Embark on the path to your dream home and apply for a loan today.

Bridging essentials

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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
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Find your BDM here

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.