Bridgit Blueprint: How Bridgit helps retirees Buy Now, Sell Later

Welcome to the Bridgit Blueprint, your monthly dose of practical tools to help you tap into the power of bridging finance as a broker.

This month, we’re exploring a lesser-known use case for bridging finance: helping retirees without a regular source of income to seize the best opportunities and secure the perfect retirement home with Bridgit.

‍

Downsizing to the perfect retirement home with bridging finance

For empty nesters, a large family home with a big backyard can be more hassle than it's worth.

When the time comes to downsize, having the flexibility to jump on the best opportunities makes all the difference. But, timing the sale of one property with the purchase of a tightly-held retirement or land lease home can be difficult.

That’s where Bridgit’s single-security bridging loan comes in.

With Bridgit, clients can avoid being out of the market while waiting for their dream retirement home or land lease home.

Here’s how our single security solution works for a retiree

No income verification means loans are assessed based on property equity and asset position.
No monthly repayments means retirees only need to repay the loan once their existing property has sold.
Ability to unlock property equity quickly means no missed opportunities, no double mortgages or high temporary living costs.

How bridging helps retirees progress in life

Bring your clients on the journey by explaining how bridging finance can benefit them:

Move on your terms: Never be out of the property market waiting for the perfect retirement home, and avoid getting stuck in limbo or without a place to live.
Make progress without a source of income: By securing the loan against your existing property, you can secure the finance you need to downsize - even without a current source of income.
Avoid the hassle of multiple moves: Move straight in and get settled into your retirement home sooner, all while avoiding the costs and headaches of short-term rentals.

‍