A bridging loan is a short-term loan that covers the financial gap between the purchase of a new property and the sale of an existing one. It allows you to move quickly on a new opportunity, such as buying at auction or securing your dream home, without waiting for your current property to sell.
Bridging loans are typically offered for 3 to 12 months and are repaid once your original property is sold or refinanced. They’re ideal for homeowners, down sizers or investors needing temporary access to funds.
