Buying and selling at the same time
What you need to know
If you’re in the market to buy a new home but you haven’t yet sold your existing home, you may need a bridging loan. Bridging finance funds the purchase of a new home until the old home has been sold. It’s a convenient way of moving quickly on a new property, without having to wait until your current home is sold.
Let us help you bridge the financial gap between your current home and your next.
Mature advice during a higher risk financial experience funding
- What are the true costs of bridging finance?
- Should I do this? What if I can sell my house?
- What are the non-bank options if the bank says no?
- How can I negotiate my purchase contract to reduce the risk?
- Does this make commercial sense?
Allows you to move quickly on a new property purchase, without worrying about selling your existing home first.
For a cost, it allows you to secure a position in the market giving you certainty e.g. to capitalise on a good deal or move into a tight market where opportunities don’t come up often.
Provides finance to build a new home while you live in your current home.
Thinking of taking the next step? Fill out our Online Development Finance Quick Start form below to begin. We’ll be able to help you find exactly how much you can borrow, the best bank to use and the best loan features.