Assured Home Loans can arrange a bridging home loan for borrowers who are looking to purchase a new property before selling their current home. A bridging loan is also useful for borrowers who want to finance the building of a new home while still living in the old one as an alternative to selling their existing property. This saves borrowers from having to live in a rental property until construction is completed.
Generally borrowers have up to 12 months to sell the existing property.
The lender will take both properties as security and will usually offer a standard variable rate only with this type of loan.
With 25 years experience writing home loans, we know exactly who’s offering the best interest rates.
We have access to over 30 bank and non-bank lenders, (including the big 4), and over 650 home loan product options. Not only that, but our service is 100% free and our In-House Home Loans also have highly competitive rates.
If you’d like to talk to one of our experienced home loan consultants to assess what your finance options are.