Upsizing bridging loans with Bridgit
Buy now, sell later
From 8.24% p.a, 8.33% p.a comparison rate^
Best Lending Innovation
Winner, Finder Innovation Awards
Bridgit with an upsizing bridging loan
Thinking of upsizing? Bridging loans can be a great option to purchase your next property without having to sell your current home first.
Sell or buy first?
When the time comes to upsize, you may find the traditional approach of selling your property first to access the cash needed in order to buy a new one difficult. You can do your best to align settlements on the purchases but may still find yourself moving into a temporary living situation - adding up to more hassle and costs. Worse still, you might be rushed into the purchase of a new property that you don’t love. This is where a Bridgit loan for upsizers can be useful.
Upsizing with the big banks is slow and difficult
Getting bridging loan approval from traditional lenders if you are upsizing can be extremely time consuming. Banks are often more interested in pushing customers towards 30-year mortgage options than offer the more suitable short-term bridging loans. Unfortunately, by the time you are approved, your dream home may no longer be up for sale.
How does an upsizing bridging loan work?
With a Bridgit bridging loan, upsizers can spend more time finding the perfect property.
1. BUY your next dream home using the equity in your existing property with a Bridgit loan
2. SELL your existing property when you are good and ready, selling in the same market you bought in.
3. SETTLE your upsizing bridging loan with Bridgit and refinance to a longer term mortgage.
Find out more about our upsizing bridging loans
Bridgit loans are made for today. We use innovative technology to process your information quickly. We then move you efficiently and easily through the application and loan process. Let us take the stress out of the lending process so you can focus on making better decisions when it comes to buying your next dream property.
Although we are faster, everything we do is designed to earn our customers’ trust. We want to make sure we provide the best solution for you. And we have a team of amazing Aussies to support you along the way.
Buy now, sell later
From 8.24% p.a, 8.33% p.a comparison rate^
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.
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.
Expert support,
Aussie based
Our specialist team is here to support you every step of the way.
Trusted by customers
who Bridgit
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.
Hear from customers who
bridged it
Chris & Sharanne relocated to their ultimate dream acreage with Bridgit!
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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.