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From upsizers wanting to buy now and sell later, to asset rich retirees without a source of income, or investors building a property portfolio, bridging finance can offer a viable, timely solution.
How bridging solves client problems and helps a variety of homeowners
To capitalise on the best opportunities, your clients need to move fast. But there are plenty of scenarios where homeowners might be held back from securing their next dream home.
From upsizers wanting to buy now and sell later, to asset rich retirees without a source of income, or investors building a property portfolio, bridging finance can offer a viable, timely solution.
As a broker, making your client’s property goals a reality is your top priority. With Bridgit, you can expand your suite of solutions and provide homeowners with an innovative option that other lenders won’t have the agility to deliver. In some cases, bridging can even make what you believe to be impossible, possible.
Who is bridging finance suited to?
The answer: more homeowner segments than you might think!
Scenario 1. Upsizers
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Loan type: End-debt bridging loan
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Benefit: Buy, sell, and settle on their own terms
It’s a scenario we see all the time: a growing family is looking to upgrade from an apartment to a standalone home, or two young professionals are ready to upsize from a first home to a large, inner-city terrace.
With Bridgit, upsizers can access an end-debt bridging loan to confidently take their next step, before selling their current home. This offers the convenience of moving the family straight in and seizing new opportunities as they arise—enabling clients to buy, sell, and settle on their own terms.
Scenario 2. Downsizers
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Loan type: No-end-debt bridging loan
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Benefit: No income or expense evidence required
No salary or current source of income and looking to downsize your home? No worries.
A no-end-debt bridging loan is ideal for homeowners who are ready to downsize into a smaller property. As the sale of their existing family home will cover the costs of their retirement pad, this bridging solution unlocks equity and gives downsizers the cash flow and breathing room to manage this transition on their own timeline.
With bridging finance, downsizers can relax, knowing they have the flexibility to wait for the ideal home without rushing a sale or leaving the market. Plus, it saves the hassle of moving in with family while they find the perfect next place.
Scenario 3. Retirement home or land-lease
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Loan type: Single security bridging loan
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Benefit: No traditional serviceability requirements
From tightly held retirement homes to competitive land leases, bridging allows retirees to jump on the best opportunities without having to sell first.
There are big accessibility wins, too. By securing the loan to a retiree’s existing property only, traditional serviceability requirements (like a current source of income) can be avoided, too.
Scenario 4. Investors
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Loan type: Single or dual security bridging loan
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Benefit: Clients looking to utilise their investment portfolio
Bridging finance is an ideal solution for investors looking to purchase new properties quickly without needing to sell existing assets.
By leveraging the equity in current properties, bridging provides the flexibility to expand portfolios, seize time-sensitive opportunities, and unlock financial flexibility.
Scenario 5. Delayed settlement
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Loan type: End debt and no-end-debt loans
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Benefit: Avoid penalties or losing a deposit
Did you know 11% of property settlements in Australia are delayed?*
With bridging finance, homeowners can quickly access the funds they need to navigate a delayed settlement—without the risk of losing their deposit while waiting for their current home to settle.
We know that timing is everything, which is why we operate at speed to offer your clients:
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A 5-minute online application process
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24 hour approvals
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Settlement in as little as a few days
Scenario 6. Equity release
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Loan type: single security bridging loan
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Benefit: Utilise your asset for action, with no monthly repayments required
From value-adding cosmetic improvements while preparing for sale, consolidating finances for a short term, to separation agreements, Bridgit gives homeowners the flexibility to tap into their home’s equity for a range of needs and scenarios.
Want to learn more?
Schedule a call with our team to learn more about bridging finance today.
*Source: https://www.pexa.com.au/content-hub/settlement-timeframes-remain-steady-for-australian-consumers/
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