How long can a bridging loan run for?

Most bridging facilities in Sydney run from a few months up to around twelve months, with the expectation that your existing property sells within that window.

What happens if my property doesn't sell in time?

Lenders will usually want a backup plan, and some may extend the facility, but you could face higher interest or be pushed to sell at a lower price to clear the debt.

Do I need equity in my current home to get a bridging loan?

Yes, lenders assess the combined debt across both properties against your equity position, so you generally need a reasonable amount of equity in your existing home.

Bridging loan brokers in Sydney for buying before you sell

A bridging loan covers the gap when you need to settle on a new property before your existing home has sold. It's a short-term, higher-cost facility that most mainstream first home buyer or investment loan pages don't deal with directly, and only some lenders on a broker's panel will offer it.

Buying your next home in Sydney before your current property has sold or settled
Needing to act fast in a competitive market without waiting on a sale
Understanding peak debt limits and how interest is calculated during the bridging period
the team an exit strategy once your existing property sells

Brokers who arrange bridging finance will usually want a firm valuation on both properties and a realistic sale timeline before submitting the application, since lenders assess the deal on your ability to clear the bridge, not just your income.

What it costs

Bridging loans typically carry a higher interest rate than a standard home loan and can include establishment fees, since the lender is taking on short-term risk. Costs depend on how long you expect to hold the bridge and whether it's structured as interest-only during that period.

Top 3 by our score

Ranked from our published scoring of public Google reviews for mortgage broker.

1. Absolut Financial - Mortgage Broker Melbourne (Request a call back 7 days a week)
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FAQ

How long can a bridging loan run for?: Most bridging facilities in Sydney run from a few months up to around twelve months, with the expectation that your existing property sells within that window.
What happens if my property doesn't sell in time?: Lenders will usually want a backup plan, and some may extend the facility, but you could face higher interest or be pushed to sell at a lower price to clear the debt.
Do I need equity in my current home to get a bridging loan?: Yes, lenders assess the combined debt across both properties against your equity position, so you generally need a reasonable amount of equity in your existing home.

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