Bridging Loans

We help homeowners across Sydney and Australia compare short-term finance options for the gap between buying and selling.

5.0

from 7 Reviews

Understanding Bridging Loans for Property Transactions

A bridging loan is short-term finance that may allow you to purchase your next property before your current home has sold. It covers the financial gap between the two transactions.

During the bridging period, you temporarily own both properties and interest applies to the money borrowed. Depending on the lender and loan structure, you may make repayments during this period or have some of the interest added to the loan.

Once your existing property sells, the sale proceeds are used to repay part or all of the bridging finance. If a balance remains, it will generally continue as your new home loan.

Bridging finance may be considered when upgrading, downsizing or relocating. It can provide greater flexibility around the timing of your move and may help you avoid temporary accommodation or moving twice.

It isn’t suitable for everyone. If your current property takes longer to sell or sells for less than expected, you may pay more interest or be left with a larger loan than planned. Available equity, borrowing capacity, lender timeframes and the costs of holding two properties must all be considered before proceeding.

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Book a chat with a Mortgage Broker today.

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Why choose BetterLend for your bridging loan?

Bridging finance involves two properties, multiple deadlines and a clear plan for what happens after your current home sells. With BetterLend, you’ll work directly with Luke throughout the lending process.

We’ll:

Review the equity available in your current property
Estimate the costs and repayments while you own both properties
Compare suitable bridging loan options from our panel of lenders
Explain each lender’s requirements, fees and sale timeframes
Consider different sale-price and timing scenarios
Help you understand your likely home loan balance after the sale
Coordinate the required documents and property valuations
Manage lender communication through to settlement

We’ll keep the finance organised and clearly explained, with one point of contact from your initial assessment through to settlement.

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Our Recent Reviews

Luke has helped me greatly in recent times to keep me on the best mortgage product that fits my circumstance. He makes the process very simple and stress free. I can absolutely recommend his services to anyone looking to refinance their loan. 110% happy client here.

Ben Cook

Luke is always so helpful and easy to work with. He is available any time to answer your questions and find the best possible option for you. Would highly recommend Luke and will continue to work with him in future.

Anthea Georgiou

Luke from BetterLend did an excellent job of helping us with our mortgage. Luke provided us with all the information we needed, explained all of our options and made it very easy to get our home loan assessed and approved. His communication is both professional and knowledgeable, making the mortgage aspect of the home buying process smooth and stress-free!

Shane Ducksbury

My partner and I just bought our first home, and we truly couldn't have done it without Luke! From the very beginning, he was incredibly supportive, patient, and knowledgeable—always taking the time to explain every step of the mortgage process in a way that made us feel confident and informed. He helped us navigate everything from pre-approval to settlement with ease, and was always quick to respond to questions, even outside regular business hours. We’re so grateful for his guidance and can’t recommend them highly enough to anyone looking for a trustworthy and experienced mortgage broker. Thanks again!!

MitchC

Frequently Asked Questions

What does a mortgage broker actually do?

Luke will help you understand your borrowing options, compare suitable loans from his panel of lenders and manage your application through to settlement. He’ll handle the lender discussions, paperwork and follow-up while keeping you informed at every stage.

Why use a mortgage broker instead of going directly to a bank?

A bank can only offer its own products. Luke can compare options from a panel of banks and non-bank lenders, giving you a broader view of what may suit your circumstances. As a mortgage broker, Luke is legally required to act in your best interests when providing credit assistance.

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Home Owners Grant and the various stamp duty exemptions available.

Can Luke find me the lowest interest rate?

The lowest advertised rate isn’t always the lowest-cost or most suitable loan. Luke will compare interest rates alongside fees, loan features, lending criteria and flexibility. He’ll explain the available options and why a particular loan may be appropriate for your circumstances and goals.

What’s involved in refinancing a home loan?

Luke will begin by reviewing your current loan, interest rate, repayments and goals. He’ll then compare suitable alternatives and explain the potential benefits, fees and switching costs. If you decide to proceed, Luke will prepare the application, coordinate any valuation, manage the approval and discharge process, and keep you updated through to settlement.

What happens during my first appointment?

Luke will take the time to understand your goals, income, expenses, existing debts, deposit and future plans. From there, he can estimate your borrowing capacity and explain the next steps. It helps to have recent income documents, bank statements and details of your current debts, but you don’t need everything prepared before the first conversation.

Contact

Oyster Bay, NSW

0417432504

BETTERLEND MORTGAGE CORPORATION PTY LTD ABN: 32 666 834 073. Credit Representative #530790 is authorised under Australian Credit Licence #391237

Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.