Bridging Loans – Your Bridge to a New Home
Are you looking to buy a new home but haven’t sold your current property yet? A bridging loan from Ignite Financial Solutions can help you make the transition smoothly. Whether you’re upgrading, downsizing, or investing in real estate, our tailored bridging loans are designed to meet your unique needs.
What is a Bridging Loan?
A bridging loan is a short-term loan that covers the financial gap between purchasing a new property and selling your existing one. This type of loan provides you with the funds needed to secure your new home, allowing you to move forward without delay.
Learn more about how bridging loans work in our detailed guide.
Why Choose a Bridging Loan?
- Convenience: Avoid the hassle of temporary accommodation by buying your new home before selling your old one.
- Flexibility: Use the equity in your current home to finance your new purchase.
- Speed: Secure the funds you need quickly to take advantage of real estate opportunities.
Explore our range of bridging loans to find the best option for your needs.
Who Can Benefit from a Bridging Loan?
- Homeowners Looking to Upgrade: Purchase a larger or more suitable home without waiting for your current property to sell.
- Real Estate Investors: Quickly access funds to secure new investment properties.
- Downsizers: Move to a smaller, more manageable home with ease.
- Relocating Professionals: Facilitate a smooth transition to a new city or location for work.
- Developers and Renovators: Finance the purchase and renovation of new properties.
Check out our comprehensive loan options and find the perfect fit for your situation.
How Does a Bridging Loan Work?
When you apply for a bridging loan, the lender calculates your peak debt, which includes the outstanding amount on your current mortgage plus the purchase price of your new property. Once your existing property is sold, the proceeds are used to pay down the peak debt, leaving you with a manageable loan balance.
Use our bridging loan calculator to estimate your repayments and see how much you can borrow.
Benefits of Bridging Loans
Buy Before You Sell: Secure your dream home without the pressure of selling your current property immediately.
Avoid Renting: Stay in your current home until you’re ready to move into your new one.
Flexible Repayments: Choose between interest-only payments during the bridging period or capitalising the interest.
Discover the full range of benefits and see how a bridging loan can work for you.
How to Apply for a Bridging Loan
Applying for a bridging loan with Ignite Financial Solutions is simple and straightforward. Our team of experts will guide you through every step of the process, ensuring you get the best deal tailored to your needs.
- Step 1: Contact us for a consultation.
- Step 2: Provide details about your current property and the new property you wish to purchase.
- Step 3: Complete the application process with our assistance.
Book a consultation with our home loan specialists today and take the first step towards securing your new home.
Ready to start your home buying journey? Book your consultation with Ignite Financial Solutions today and take the first step towards owning your perfect home.
