New lender allows you to buy a new home before you sell

Studies show buying and selling a house is one of the most stressful events of your life, but Bridgit simplifies the process by offering financial room to move.

Australian house prices are booming, but there hasn’t been a viable option in the market to help homeowners use the equity in their home to buy another property without having to sell it first.

A Bridgit loan provides an alternative to access your equity to buy your next perfect home first, and then sell as Australians challenge the traditional way to buy property.

Bridgit is the new, non-bank lender, bridging loan specialist, revolutionising the traditional product to meet the expectations of today’s customers considering their next step in property.

Bridgit has revolutionised the bridging loan by using technology to streamline your experience, offering a simple online application, same-day approval and 48-hour settlements.

Bridgit is the ideal option for frustrated homeowners who have to jump through hoops to get a bridging loan from their bank, despite owning a valuable property.

Bridgit’s customers love them:

“A great new bridging loan facility that is market-leading and easy to set up, quick to provide approval and follow up customer service. If you are downsizing or moving, and need finance to make it happen efficiently and without the usual red-tape of traditional banks, this is the lender for you. Always quick to respond to any inquiries, never the endless waiting on the phone to a bank call centre only to have to explain your whole scenario again and again to different people, I would recommend this loan to anyone instead of a traditional bank. A new company that has a bright future ahead.”

Paul, Bridgit customer on a review.

At Bridgit, the demand and interest in the product is increasing and the group has processed more than $600 million in loan applications.

There are several benefits when it comes to buying first and then selling:

  • You buy on your terms – Spend the time finding the perfect property without the added pressure of trying to get back into the market.
  • Save on temporary living costs – move into your home sooner and avoid short-term rental, storage or moving costs while you are between a sale and search for your next home.
  • Bridgit will pay your existing mortgage, so you don’t have to worry about managing two mortgages.
  • No missed opportunities – don’t miss out because of slow processes with bank approval. Find a property you love and get same-day approval so you can put in a power bid.

Bridgit’s lending model is different to others in the market as it offers three months interest-free with a set-up cost from 1.65 per cent of the loan amount. This gives customers more time to organise the settlement on the new property and sale of their existing one.

Other key product features include:

  • Simple online process
  • Same-day approvals
  • Six-month loan period, three months interest free from 5.99 per cent thereafter
  • 75 per cent loan-to-value ratio
  • No monthly repayments
  • Australia-based support team
  • Paperless process
  • Online portal where customers can manage their loan
  • Secured process – bank-level security across the Bridgit platform.

Find your dream property, apply now – and get same-day approval!

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