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Bridging Loans: Buy Your Next Home Before Selling Your Old Home
Found the right property but haven’t sold your existing home yet?
A bridging loan can give you the flexibility to buy now and sell later, helping you secure your next property without trying to perfectly time two settlements.
- Buy your next property before selling
- Access the equity in your existing home
- Avoid rushing the sale of your current property
- Reduce the need for temporary accommodation or moving twice
- Access to 60+ lenders
- 20+ years of mortgage broking experience
- 400+ 5-star Google reviews
Speak With A Bridging Loan Expert Today
Bridging Loans: Buy Your Next Home Before Selling Your Old Home
Found the right property but haven’t sold your existing home yet?
A bridging loan can give you the flexibility to buy now and sell later, helping you secure your next property without trying to perfectly time two settlements.
- Buy your next property before selling
- Access the equity in your existing home
- Avoid rushing the sale of your current property
- Reduce the need for temporary accommodation or moving twice
- Access to 60+ lenders
- 20+ years of mortgage broking experience
- 400+ 5-star Google reviews
What Is A Bridging Loan?
A bridging loan is short-term finance designed to help you purchase a new property before you've sold your existing one.
It effectively “bridges” the financial gap between the two transactions.
Once your existing property sells, the proceeds are generally used to reduce or repay the bridging finance, leaving you with the remaining loan on your new property.
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When Does A Bridging Loan Make Sense?
- You’ve Found The Right Property
Don’t miss out on your next home simply because your current property hasn’t sold yet. - You Want To Buy First, Sell Later
Secure your next home first, then focus on selling your existing property. - You Don’t Want To Rush Your Sale
Buying first can give you more time to prepare, market and sell your current property rather than accepting an offer purely because you’re under pressure. - You Want To Avoid Moving Twice
Move directly from your existing home into your new one rather than renting temporarily between properties. - You’re Upsizing
Found the perfect next family home before you’ve sold? Bridging finance may help make the transition possible.
How Does A Bridging Loan Work?
1. Buy Your New Property
Bridging finance helps fund the purchase while you still own your existing home.
2. Sell Your Existing Property
You sell your current home during the agreed bridging period.
3. Reduce Your Loan
The proceeds from the sale are used to pay down the bridging finance, leaving your remaining home loan.
Why Newbridge?
Why Choose Us?
Why Choose Us?
Highest Rated Brokers
One of the highest rated brokers in Australia with over 400+ verified Google reviews.
Over 60 Lenders
Most brokers only choose between 30 lenders or less. We have more options which means a better deal for you.
We Do All The Hard Work
We do all the groundwork, offering excellent advice and outstanding customer service.
Get The Best Deal For You
We find the best home loan suited to you, explain the features, fees, and details associated with your loan.
Over $1B In Loans Settled
Having been MFAA Accredited brokers for over 20 years, we've seen it all.
Frequent Communication
We communicate with your chosen lender throughout the process and keep you up to date along the way.
Get A Lower Rate
Experts in home loan refinancing with impressive customer ratings, we ensure your home loan experience is as stress-free as possible.
Free Consultation
Chat with us free and our service is free - we are paid by the lender you choose.
Is Bridging Finance Right For You?
Bridging loans can be useful, but they’re not suitable for every property purchase — we’ll look at:
- The value of your current property
- How much you still owe
- Your new property’s purchase price
- Your available equity
- Your expected sale price
- Your borrowing capacity
- How quickly you expect to sell
We’ll then compare available options and explain how the numbers could work before you proceed.
Newbridge Home Loans
Bridging Loan FAQs
Bridging loans are short-term loans. The available bridging period varies between lenders, with many traditional bridging products offering periods of around 6 to 12 months.
No. The main purpose of bridging finance is to allow eligible borrowers to purchase their next property before their existing property has sold.
This depends on factors including the value of both properties, your existing mortgage, available equity, expected sale proceeds, income and the lender’s criteria.
Peak debt is generally the maximum amount you’ll owe during the period when you own both your existing property and your new property.
Once your existing property sells, the sale proceeds are used to reduce this debt.
This depends on the lender and loan structure. Some bridging loans require interest payments during the bridging period, while others may allow interest to be added to the loan.
We’ll explain the repayment requirements of each option we recommend.
The sale proceeds are generally used to repay your existing debt and reduce the bridging loan. The remaining amount becomes your ongoing home loan.
Potentially, yes. Bridging finance may be available for owner-occupied and investment property transactions depending on the lender and your circumstances.
Bridging loans can have different rates, fees and structures compared with standard home loans.
Because they’re designed as short-term finance, it’s important to compare the total cost as well as the interest rate.