What is a Bridging Loan?
Date Published: 5 August 2020
Bridging occurs when you need to purchase a new home but haven’t sold your existing home. There will be a short (usually a maximum of 6 months) time when you own both homes. Bridging loans aren’t usually allowed to exceed 80% over both homes (the banks can’t lend more than 80% of the value of both homes) but can sometimes exceed your income affordability if you have cash reserves.
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