Scenario Spotlight | Feb 2024

February 21, 2024

Did you know that according to PEXA data, only 85% of settlements proceed as planned, leaving the remaining 14% delayed? It's a statistic that can have real consequences, as one recent Bridgit customer discovered firsthand.

Imagine the stress of trying to align the sale of your current home with the purchase of a new one for your growing family, only to have the sale fall through at the last minute. That's exactly what happened to a recent Bridgit customer. Facing the prospect of losing their deposit and potentially their dream home, they needed a solution—and fast.

Thankfully, our team was there to provide the support they needed. With Bridgit, the customer was able to unlock their property equity, allowing them to finalise the purchase of their new home without delay. This not only saved their deposit but also ensured they didn't miss out on their next step in life.

Here's a quick overview of the loan:

  • Loan amount: $2,283,000
  • Loan purpose: Buy Now, Sell Later 
  • LVR: 63.4%
  • Location: Winston Hills, NSW
  • Loan term: 6 months
  • Time to settlement from application: 10 days

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At Bridgit, we're committed to supporting our community every step of the way. Schedule a call with our team and find out how we’re helping Aussie homeowners make progress through property.

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