Our team of bridging specialists are here to help
Securing the perfect retirement home without the traditional roadblocks
Finding the perfect home can be an exciting yet challenging journey, especially for Aussie homeowners like Sue and Ralf who were ready to kick off their retirement plans. Through our first of its kind single security bridging loan, Sue and Ralf discovered the key to their dream retirement home while navigating the sale of their existing property with ease.
Sue and Ralf's story speaks to our commitment to Aussie homeowners. They were able to jump on a property opportunity without being held back by the common roadblocks often faced when dealing with traditional lenders. Rather than solely focusing on income, this bridging loan is secured against the single outgoing property, meaning it can be used to purchase a retirement home, community home, or land lease property.
Let's take a closer look at Sue and Ralf's loan:
- Loan amount: $1.2M
- Location: Kincumber NSW
- LVR: 70%
- Loan type: Single Security
Their journey highlights the flexibility and accessibility of our single security bridging loan, which provided them with the freedom to pursue their retirement plans without financial constraints holding them back.
Schedule a call with one of our specialists today to find out more about our single security bridging loan.
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Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply.
1The Stay Rate will only apply if a repayment is made from the sale of Outgoing Properties (or another repayment method approved by us, at our discretion) and the repayment reduces the Amount You Owe to an amount that is equal to or less than your Residual Loan Balance.
^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. For Upsizer loans, a Bridge Rate applies for the first 12 months, followed by a Stay Rate thereafter. For Downsizer loans, only the Bridge Rate applies. WARNING: This comparison rate is true only for the example provided and may not include all fees and charges. Different loan amounts, terms, or fee structures will result in different comparison rates. For interest-only periods, your loan balance does not reduce, meaning you may pay more interest over the life of the loan. Set-up fee from 0.60% and government charges apply.