At Vera Home Loans, we understand that sometimes there are unique circumstances that require you to bridge the gap between buying a new home and selling your current one. That’s where bridging finance comes in.
Bridging finance is a short-term loan option that helps you access funds to purchase a new property while you’re waiting for the sale of your existing one. It essentially “bridges” the financial gap between the two transactions.
With bridging finance, you can secure the funds needed for your new property without having to wait for the sale of your current home. This can provide you with the flexibility and peace of mind to make an offer on your dream home without the worry of missing out.
It’s important to note that bridging finance typically has a higher interest rate compared to traditional home loans. However, it is designed to be a temporary solution, usually lasting for a few months to a year, until you sell your existing property.
Our team at Vera Home Loans can help guide you through the process of obtaining bridging finance. We’ll assess your individual circumstances and work with our network of lenders to find the most suitable option for you.
Remember, bridging finance is a specialised loan option that can help you secure your new home while you sell your current one. Contact us at Vera Home Loans to discuss your specific situation and explore whether bridging finance is the right choice for you.
