Downsizer bridging loans with Bridgit

3 months interest free

From 5.99% p.a thereafter, 6.16% p.a comparison rate^

Set up fee from 1.65%

Loans up to 6 months

Funding up to $4m*

LVR up to 75%

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Find out more about our
Bridgit loans

Downsizing bridging loans

Thinking of downsizing? Bridging loans are a great option for you to take control of your next purchase, without having to sell first.

Finding the right home to downsize into is hard, with the most common approach being to sell your existing property first to access to the funds and then find the next home. You can do your best to align settlements on the purchases, but you might require a temporary living situation between the sale, which comes with added hassle and cost. More importantly, you might feel the pressure to get back into the market and purchase a new property that you don’t love. This is where a downsizing bridging loan can be handy.

Timing is key

With a downsizing bridging loan, you can spend the time to find the perfect property and purchase using a bridging loan which gives you access to the equity in your existing home, without having to sell it. You can then go about organising the sale of your new home, selling in the same market you bought in. When downsizing, bridging loans are a compelling option.

Downsizing with the big banks is slow and difficult

For downsizing bridging loans, it can be difficult and time consuming to get approval from traditional banks as they have a one size fits all approach to lending, and downsizers without an income are unlikely to be approved. Plus, due to the shorter loan period, they are not interested in servicing such a product and instead, deter homeowners towards their 30 year mortgages options. Unfortunately, by the time you are approved, your dream home is often no longer up for sale.

Downsizing is much easier at Bridgit

At Bridgit, a downsizing bridging loan does not require you to have an income , we simply take into account the value your existing home to approve you for the bridging loan. You won’t always need to provide income verification, although in some cases we may need confirmation of super and pension income. Downsizing with a bridging loan, has the added benefit of not requiring a mortgage at the end of the bridging period.

Find out more about our downsizing bridging loans

Bridgit loans are made for today. By utilising technology we process your information quickly, allowing us to move you throughout the application and loan process efficiently. This helps take the stress out of the lending process so you can focus on making better decisions when it comes to buying your next dream property.

Although we are faster, everything we do is designed to be more trusting. We will always make sure that we provide the best solution for you. We have a team of amazing Aussies to support you along the way.

Apply now

3 months interest free

From 5.99% thereafter, 6.16% comparison rate*

Set up fee from 1.65%

Loans up to 6 months

Funding up to $4m*

*We can go above or below this loan amount if the exception is approved

LVR up to 75%

No repayments until maturity

Apply now

Why Bridgit?

Simple process,
faster approval

Apply online in under 5 minutes and get same day approval. Don’t miss the opportunity to buy your dream home today.

Headache free,
stress free

3 months interest free with no monthly repayments, giving you plenty of time to sell your existing property.

Local support,
Aussie based

Our Aussie team is here to support you every step of the way.

Want to know more?
Bridgit benefits

Get same day approval with Bridgit

01

Submit application

Apply online and receive same day approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Once we’ve valued the property and completed final verifications, sign the documents and you are on your way to settlement in as little as 48hrs*.

*Subject to the loan scenario and outgoing lenders processes on refinance (if applicable.)

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 6 months.

Apply now

Get same day approval with Bridgit

01

Submit application

Apply online and receive same day approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Once we’ve valued the property and completed final verifications, sign the documents and you are on your way to settlement in as little as 48hrs*.

*Subject to the loan scenario and outgoing lenders processes on refinance (if applicable.)

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 6 months.

Apply now

We are here to improve the process of lending, to take the stress out of it. We are made for today.

Trusted by customers who Bridgit

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21 Feb 2022

I had a great experience

Bridgit provided superb customer service with regular communication throughout the process. A much more personable and flexible experience.

- Giles

14 Feb 2022

We settled on time!

The team were exceptional in getting valuation, documentation etc completed and we settled for property on time!

- Neil

20 Jan 2021

Fast & Efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Kristen

22 Dec 2021

Great to deal with

They came back to us quickly with a decision, and we were able to move forward with confidence. I would use them again and will recommend them.

- Anthony

20 Dec 2021

Thank you Bridgit

Thank you all at Bridgit. The whole process was quick and efficient, completely the opposite from dealing with the bank.

- Frances

13 Dec 2021

Fast and efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Sharrane

21 Feb 2022

I had a great experience

Bridgit provided superb customer service with regular communication throughout the process. A much more personable and flexible experience.

- Giles

14 Feb 2022

We settled on time!

The team were exceptional in getting valuation, documentation etc completed and we settled for property on time!

- Neil

20 Jan 2022

Fast and efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Kristen

Dec 22 2021

Thank you to all

Thank you all at Bridgit. The whole process was quick and efficient, completely the opposite from dealing with the bank.

- Frances

Dec 20 2022

Great to deal with

They came back to us quickly with a decision, and we were able to move forward with confidence. I would use them again and will recommend them.

- Anthony

Dec 13 2021

Fast and efficient

Bridgit were fast and efficient we would never of been able to buy our dream property without them. Would highly recommend them and the team.

- Sharanne

20 Dec 2021

Mortgage broker experience

I referred a client to Bridgit and was very happy with their service. They approved the application in 5hrs, which allowed them to bid with confidence at auction the following day.

- George

21 Feb 2022

I had a great experience

Bridgit provided superb customer service with regular communication throughout the process. A much more personable and flexible experience.

- Giles

14 Feb 2022

We settled on time!

The team were exceptional in getting valuation, documentation etc completed and we settled for property on time!

- Neil

Disclaimer

^ Comparison rate calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates for interest only loans will not reduce your loan balance. This may mean you pay more interest over the life of the loan. 1.65% set up fee and government charges apply.

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.