We often get asked if bridging loans are available in Adelaide and the answer is yes! If you’ve found a new home but not yet sold your current one, talk to our team today.
How does a bridging loan work?
Bridging finance is a loan that covers the time between buying a new property and settling on the sale of your existing one. This is an additional short-term loan that usually lasts up to six months – you take it out on top of your current home loan until the property is sold and the loan can then be paid off and closed.
How we can help
Bridging finance can provide you with the flexibility that you need, but it can be a tricky area to navigate, so it’s vital to get expert advice first. We will:
- Explain how bridging finance works
- Assess whether bridging finance is right for your current situation
- Assess what the short term and long term financial implications will be
- Organise the right bridging finance for your needs