Downsizer bridging loans with Bridgit

1 month interest free

From 8.45% p.a thereafter, 8.57% p.a comparison rate^

Set up fee from 0.99%

Loans up to 6 months

Funding up to $4M

LVR up to 80%

Why buy before you sell with Bridgit?
No income verification
We assess loans based on property equity and asset position.
No monthly repayments
No monthly repayments or fees with 1 month interest free.
No double mortgages
We’ll pay your existing mortgage, so you don’t have to worry about two mortgages at once.
Save on temporary living
Move into your home sooner and avoid short-term rental, storage and moving costs.
No missed opportunities
Don’t miss out because of slow processes, unlock your property equity in 24 hours.
Downsizers
bridging loans
Thinking of downsizing? Bridging loans are a great option for you to take control of your next purchase, hassle free and without having to sell first.

The most common approach when downsizing is to sell your existing property first. But this comes with unknown hassles and costs, you might require a temporary living situation before buying again, you might feel the pressure to get back into the market purchasing a property that you don’t love, or you might miss out on an opportunity while waiting to sell. 

A bridging loan helps you avoid these problems.

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

A bridging loan allows you to downsize before or during the selling process of your current home. The loan will be secured against your property equity, not your income, making it perfect if you are retired or semi retired. And at Bridgit we offer, 24 hour approvals and a customer service team here to help you.

You can use a bridging loan to secure your next perfect home, including:

1 month interest free

From 8.45% p.a. thereafter, 8.57% p.a. comparison rate^

Set up fee from 0.99%

Loans up to 6 months

Funding up to $4M^

LVR up to 80%

No repayments until maturity

Why Bridgit?

Simple process,
faster approval

Apply online in under 5 minutes and get 24 hour approval. Don’t miss the opportunity to buy your dream home today.

Headache free,
stress free

1 month 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 FAQs

Hear from customers who bridged it

Get 24 hour approval
with Bridgit

01

Submit application

Apply online and receive 24 hour 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 lender 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.

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

No items found.

21 Feb 2022

Customer Service at its best

Everyone I dealt with at Bridgit was helpful and responsive. Candice (BDM) checked in with me regularly to make sure everything was going smoothly and Andrew kept me in the loop. I recommend Bridgit highly.

- Sue Farnham

14 Feb 2022

Going above and beyond for results

The priority that was placed on this file and constant updates was truly appreciated. Thank you for using common sense and finding a solution for our client’s needs on an oddly zoned security.

- Nicole Fox

20 Jan 2021

Great Team.

During the stressful times of obtaining Finance, the BRIDGIT Team came to the fore. We are most grateful for their advice and support.

- MTW

22 Dec 2021

The team at Bridgit were remarkably talented

The team at Bridgit were remarkably talented and understands the pressing issues the situation demands. I cannot thank them enough for stepping up to a life saving situation for customers.

- Jehan Fernando

20 Dec 2021

We are so happy we chose Bridgit

We are so happy we chose Bridgit over a bank. Tom, George and Ken assisted us all the way. They explained everything and made the process easy and stress free. We cannot recommend Bridgit highly enough.

- Felicity F

13 Dec 2021

Bridgit was phenomenal

Bridgit was phenomenal in getting our pre-approval ready (within hours!). Easy to deal with and they knew exactly where my application was at.

- NH

13 Dec 2021

Quick and simple process

I had never dealt with Bridging Finance as a Broker previously & Bridgit made the process quick & simple. I could get quick help & support that helped me navigate my first Bridging Finance application.

- Chris

13 Dec 2021

I approached Bridgit with a scenario

I approached Bridgit with a scenario that needed to be settled within 12 days. The deal was lodged within 48 hours. My clients achieved a great result in the time frame required.

- Benjamin Sutton

13 Dec 2021

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. I found Bridgit to be way more efficient than the big banks. The communication was great too.

- Michael

07 Feb 2024

Customer Service at its best.

Everyone I dealt with at Bridgit was helpful and responsive. Candice (BDM) checked in with me regularly to make sure everything was going smoothly and Andrew kept me in the loop. I recommend Bridgit highly.

- Sue Farnham

11 Nov 2023

Going above and beyond for results

The priority that was placed on this file and constant updates was truly appreciated. Thank you for using common sense and finding a solution for our client’s needs on an oddly zoned security.

- Nicole Fox

11 Nov 2023

Great Team

During the stressful times of obtaining Finance, the BRIDGIT Team came to the fore. We are most grateful for their advice and support.

- MTW

20 Oct 2022

The team at Bridgit were remarkably talented

The team at Bridgit were remarkably talented and understands the pressing issues the situation demands. I cannot thank them enough for stepping up to a life saving situation for customers.

- Jehan Fernando

24 Jun 2022

We are so happy we chose Bridgit

We are so happy we chose Bridgit over a bank. Tom, George and Ken assisted us all the way. They explained everything and made the process easy and stress free. We cannot recommend Bridgit highly enough.

- Felicity F

20 Dec 2021

Definitely worth a try

If you're thinking about getting a bridging loan I'd recommend giving Bridgit a try. I found Bridgit to be way more efficient than the big banks. The communication was great too.

- Michael

20 Dec 2021

Bridgit was phenomenal

Bridgit was phenomenal in getting our pre-approval ready (within hours!). Easy to deal with and they knew exactly where my application was at.

- NH

21 Feb 2022

Quick and simple process

I had never dealt with Bridging Finance as a Broker previously & Bridgit made the process quick & simple. I could get quick help & support that helped me navigate my first Bridging Finance application.

- Chris

23 Nov 2022

I approached Bridgit with a scenario

I approached Bridgit with a scenario that needed to be settled within 12 days. The deal was lodged within 48 hours. My clients achieved a great result in the time frame required.

- Benjamin Sutton

Get 24 hour approval

Downsize with Bridgit
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.
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.

Disclaimer

^Comparison rate is 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. Bridging Loan set up fee is from 0.99% 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.