No Cash Deposit? Bridging Finance Can Help
A bridging loan can help you purchase your next property before your existing property has sold, even when you do not have a cash deposit available.
The existing property and the property being purchased can be used as security during the bridging period, allowing the purchase to proceed without waiting for the sale proceeds from your current property.
Once the existing property is sold, the sale proceeds are used to reduce or repay the bridging loan, leaving the remaining finance structure in place where applicable.
This can provide a practical short-term solution when you have sufficient property equity but your cash is tied up in the property you are selling.
No Cash Deposit Bridging Finance
Use existing property equity instead of cash
Purchase your next property before selling
Secure funding against both properties
Short-term bridging finance until your property sells
Bridging Loans for Property Investors
Property investors often need to move quickly when the right opportunity becomes available. Short-term bridging finance allows you to secure an investment property before an existing property has sold or other long-term finance has been finalised.
Available equity in an existing residential or investment property can be used to support the purchase, helping you act on time-sensitive opportunities without waiting for another property transaction to complete.
Bridging finance can also assist investors purchasing through eligible companies or trusts, expanding an existing property portfolio or managing timing gaps between property settlements.
How Does a Short-Term Bridging Loan Work?
A short-term bridging loan helps you buy a new property before your existing property has sold.
The lender assesses the equity available across your existing property and the property you are purchasing. Both properties can be used as security during the bridging period, allowing the purchase to proceed without waiting for the sale of your current property.
Once your existing property is sold, the sale proceeds are used to reduce or repay the bridging loan.
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Buy before your existing property sells
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Use available property equity instead of a cash deposit
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Existing and new property can be used as security
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Short-term funding until the existing property is sold
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Suitable for residential, investment and commercial property transactions