A bridging loan can be a valuable solution when you need to purchase a property before your funds become available.
It serves as a financial bridge, helping you manage the gap between buying your new property and resolving the sale or funding of your existing property.
There are two main types of bridging loans:
An open bridge is used when you need to settle on a new property but don’t yet have a Sale and Purchase Agreement for your current one.
This type of loan typically spans 6–12 months, offering options such as interest-only repayments or capitalised interest, where no repayments are made until the end of the loan term when the original property has been sold.
With both options, we’re here to guide you through the process and find the solution that best suits your circumstances.
A closed bridge is suitable when you have signed Sale and Purchase Agreements for both properties, but the settlement dates don’t align.
Rather than risk losing your buyer, this type of loan can provide the necessary funds to bridge the gap, ensuring a smooth transition.
This is a well-trodden journey which, with the right people around you, can be exciting, stress-free, and relatively simple.
The key is to have the right people around you.
For us, this is also a longer-term relationship, not just the transaction of purchasing the house. We're here to help and support your property journey, whether to get mortgage-free sooner or create a property portfolio.
Bridging Finance required as new to Business. Finance arranged in 4 days to still meet finance date after main bank said No.
We feel lucky we went through Deon for our home loan as he made things simpler and easy for us. With little paperwork and easy explanation of each step of the process.
