Found the home of your dreams but haven’t sold your existing home yet?

It is not always possible to complete the sale of your existing home in time for settlement of your new home. In this case a bridging loan may be necessary to cover the financial gap. A bridging loan is taken out in addition to your existing home loan to pay for your new home until your current home is sold. These types of loans are usually short-term interest, only loans where both your existing property and the new property being purchased are used as security. During the Bridging period the interest from the bridging loan accumulates but does not need to be paid until after you sell your existing home.

Deposit Bonds

Need a Deposit ready for Auction? In the process of selling your existing home and need a deposit for your new home?