Bridging Loans
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Bridging Loans
Access quick, flexible bridging loans to cover short-term funding gaps and transition smoothly
A bridging loan provides the flexibility to purchase a new property before selling your existing one, which can be crucial in a competitive market. It helps bridge the gap between buying and selling, ensuring you don’t miss out on your ideal property.
Benefits:
- Align property settlements for greater control and reduced stress
- Useful if you can’t manage two home loans simultaneously
- Potentially borrow up to 100% of the purchase price (conditions apply)
Risks:
- Daily interest accrual means higher costs if your property sale is delayed
- Selling for less than expected can result in a higher loan balance
- Failure to sell within 12 months may lead to default, potentially resulting in the loss of your property and additional financial liability
- Carefully consider these factors to determine if a bridging loan is right for your situation.
FAQ
How we helped Melissa K. secure his bridging loan
Prestige Property Finance made the transition between selling our old home and buying our new one so smooth. Their bridging loan solution allowed us to secure our dream home without the stress of waiting for our previous property to sell. The team was incredibly supportive and guided us through every step. We couldn’t be happier with the service!
Melissa K.