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Location: Jimboomba, QLD
LVR: 60%
Loan Amount: $964,000
Use of Funds: Buy now sell later
Scenario: This month, we spotlight a recently accredited broker and their client. After waiting months for loan approval with her current lender, the Aussie homeowner was about to lose her dream property along with the already paid deposit.
In most Australian states, a two-week grace period is given if a property settlement deadline cannot be met in time, however, at this time in Queensland, the contract could be terminated immediately, meaning would lose everything.
Due to these time constraints, waiting for the traditional lender to approve the bridging loan was not an option. Within just 24hrs of reaching out to Bridgit, we were able to accredit the broker, offer unconditional approval, and our customer was able to secure her dream home.
We couldn’t be happier to help another Aussie access fast bridging finance and purchase her Jimboomba property!
Here’s how our BDM, Jolene Farrow, helped Shaun Jones, Senior Mortgage Broker at Mason Finance Group secure a loan for his client, a downsizer looking for a quick settlement when a traditional lender let her down after her auction win.
Bridgit has won the Finder Award for Best Lending Innovation for 2022! We’re thrilled to be recognised as the Most Innovative Lender for our tech-first lending solution.
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Bridgit, your new bridging loan specialist. Who are we? Bridgit launched last year as a new non-bank lender specialising in bridging loans after we noticed a need in the market not being met by traditional lenders. Our aim? To revolutionise bridging loans through state-of-the-art technology allowing Australians to purchase their next home quickly and with little fuss.
