Bridging Loans
Finance for builds & renovations
What are Bridging Loans?
A bridging loan covers the “peak debt” created when you buy a new home before selling the existing one. The facility comprises:
Old loan balance
New purchase price + costs
Less your available cash deposit
Interest is capitalised (added to the balance) or payable interest-only for up to six months. When your current property settles, sale proceeds clear the bridge and any residual converts to a standard mortgage over the remaining term. Lenders cap peak LVR at around 80 % and require a realistic sale figure confirmed by appraisal.
Why Choose Money Wise for Bridging Loans
We structure bridging loans with capitalised interest options, six-month terms with extension possibilities, and flexible exit scenarios. Our approach ensures you can secure your next property without the pressure of rushed sales or temporary accommodation.
Eligibility Snapshot
- ≤80% peak LVR across both properties
- Purchase contract or property listing
- Clear exit strategy (sale plan)
Required Documents
- Purchase contract for new property
- Valuation or agent appraisal
- Current loan statement
- Evidence of sale strategy
