Bridging Finance

Bridging the financial gap between selling and buying can be smoother than you think. Read these helpful hints below.

Bridging Loans

Short term loans covering the gap period between buying and selling property. Usually lenders allow a 6 month term for you to sell and up to one year if you’re building. This is usually offered at the standard variable rate.

Deposit Bonds / Bank Guarantees

A cost-effective alternative to putting down a 10% property deposit. If you can satisfy the lender you have the deposit in shares or bank accounts, you won’t have to lay your hands on the cash right away.

Checklist

The following organisations need to know you’re on the move:

• Banks and financial institutions
• Computer and software registrations
• Doctor and dentist
• State and Federal electoral rolls
• Electricity and gas companies
• Employer/s
• Health fund
• Insurance company
• Local council
• Magazine/newspaper subscription
• Post office
• Educational institutions
• Superannuation fund
• Tax office
• Telephone and internet service providers

Home Loan Selector Tool

Use our Home Selector tool to find the home loan that's right for you.