SHORT TERM BRIDGING FINANCE SOLUTIONS
Bridging finance is a method of buying a new home before you settle on your existing one. The loan covers the existing debt, and the new debt until your home is sold. When your existing home sells it pays down the loan.
This is a temporary loan which allows the buyer to complete the purchase of a new property before selling their existing property. It is also useful for borrowers who want to finance the building of a new home while still living in the old one. The main advantage a Bridging loan is its quick and you can get the money you need in order to move ahead with the purchase of your new home. You can set repayments up in many different ways; interest only, no repayments, fixed amount or normal principal and interest.
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Absolute Home Lending was an absolute pleasure to deal with. We had no idea how much we could have been saving by shopping around our home loan
A big thank you to Jim who helped us secure our first home owners grant after it was initially rejected.