Bridging Loans
Expert bridging loan guidance to help you buy your next property before your current one sells
Rated 5 from 44 Reviews
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Expert bridging loan guidance to help you buy your next property before your current one sells
Rated 5 from 44 Reviews
Premier Path Finance offers a comprehensive range of services tailored to meet the diverse needs of clients across Melbourne, Victoria, and beyond. One of our specialised services is assistance with Bridging Loans - a practical solution for individuals looking to purchase a new home while still in the process of selling their current property. Understanding how Bridging Loans work can help you make informed decisions about whether to buy or sell first, and how to manage the financial transition with confidence.
Bridging Loans are designed to bridge the gap between purchasing a new home and settling the sale of an existing one. This type of loan can be particularly valuable when timing is critical. The loan term for a Bridging Loan typically ranges from 6 to 12 months, giving you the time needed to sell your existing property or complete a new build. With Premier Path Finance, you can access Bridging Loan options from a wide range of banks and lenders across Australia, ensuring you find a solution that aligns with your financial situation and goals.
When considering a Bridging Loan, several key factors come into play. The loan amount is determined by the contract purchase price of the new property and the expected sale price of your current home. Understanding Peak Debt - the total loan amount during the bridging period - and End Debt - the remaining balance after your existing property sells - is essential to planning your finances. Interest Capitalisation is another important consideration, where interest accrues on the loan balance during the bridging period rather than being paid monthly.
Interest rates play a significant role in any Bridging Loan decision. Fixed interest rate loans offer stability and predictable repayments, while variable rate loans may provide greater flexibility. Our experienced mortgage brokers can walk you through both options and help you choose the structure that suits your circumstances.
The application process for a Bridging Loan involves several steps. Getting pre-approved early helps clarify your position and streamlines the process. This includes submitting a loan application along with supporting documentation such as bank statements. Our team at Premier Path Finance manages each step with care, including calculating your loan-to-value ratio (LVR) and exploring whether lenders mortgage insurance applies to your situation.
Stamp duty and other purchase costs are important considerations when applying for a Bridging Loan. An offset account can be an effective tool to reduce interest during the bridging period. Understanding your overall financial position is also key to determining whether a home loan or an investment loan structure is most appropriate for your next move.
The question of whether to buy or sell first is one many homeowners face. A Bridging Loan offers the flexibility to secure your next property without waiting for your current one to settle - particularly useful when opportunities arise in a fast-moving property market.
For those planning their next property move, Bridging Loans provide a practical and well-structured solution. By working with Premier Path Finance, you gain access to a broad range of options from lenders across Australia. Our brokers are committed to helping you find the right loan with terms that work for you, whether you prefer a fixed or variable rate structure.
If you are considering your next step in property, exploring Bridging Loans can bring real clarity and confidence to the process. Premier Path Finance is here to help you move forward with a plan that fits. Reach out to us today to discuss how we can support your transition between properties.
"Every client's journey is unique - whether you're purchasing your next home, managing the overlap between buying and selling, or planning your next investment. Our process for Bridging Loans is transparent, thorough, and built around your timeline."
We start with a relaxed conversation to understand where you are in your property journey. Whether you have a purchase lined up, are still searching, or need to act quickly, we take the time to understand your goals and the timing involved in your Bridging Loans scenario.
We review your income, expenses, assets, and liabilities to build a clear picture of your financial position. This helps us determine your Peak Debt and End Debt, assess your loan-to-value ratio, and identify any lender-specific requirements that may apply.
Based on your profile, we identify the most suitable Bridging Loans from our panel of lenders. We compare fixed and variable rate options, interest capitalisation structures, and loan terms - typically 6 to 12 months - so you can make a well-informed choice.
We prepare and submit your application with all required documentation, working to secure pre-approval so you can move with confidence. We also coordinate any related home loan or refinancing requirements that form part of your overall structure.
Once your Bridging Loans application is approved, we walk you through the loan terms, liaise with solicitors and lenders, and coordinate settlement on both your new purchase and your existing property sale.
Once the bridging period concludes and your end debt is established, we continue to support you - reviewing your loan, exploring refinancing opportunities, and ensuring your ongoing home loan remains well-structured and suited to your goals.
At Premier Path Finance, we guide each client along a transparent, confident path to home ownership and lasting financial wellbeing. Drawing on more than 25 years of combined banking and finance experience, our award-winning team delivers mortgage strategies that are both sophisticated and straightforward.
Founded by Luke Owen and Michael Kirk, we built our firm on a simple belief: lending should never feel overwhelming. Whether you're a first-home buyer, seasoned investor, business owner or high-net-worth professional, we're by your side with clarity, integrity and genuine care.
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Luke was amazing helping me buy my first property, from our initial chat and chatting about my circumstances and next steps right through to settlement! Luke was always happy to answer my questions, talk through the process and give me all the options, and made a process I had no idea about as seamless as possible. Couldn’t recommend more highly!
SK
Stacie Karas
We have dealt with Luke from Premier Path Finance on numerous occasions for purchase of properties and refinances. Luke is very responsive and nothing is too much trouble. He has his clients’ best interest at heart! Every dealing has been a smooth and stress free transaction and we would not even consider engaging anyone else in the future. Highly recommend!
RS
Rhys Smith
Luke Owen has been my go-to lending guy for many years. Previously he was with CBA Private Banking. A+ and VIP service. He joined Premier Path in recent years which has been a game changer. It's opened up lots of new possibilities for lending, residential, commercial and SMSF. I've introduced several heavy hitter former C-level employees to Luke and they've always been impressed! The service is even better now that he's not hamstrung by CBAs sometimes onerous rules!
Banks can only offer their own products. At Premier Path Finance, we compare a wide range of lenders to help you find a loan that suits your goals and circumstances.
We do the research, paperwork and negotiations on your behalf, making the process simple, stress-free and easy to understand.
Currently over 80% of loans in Australia are provided through a broker instead of directly at the bank, due to the options a broker can provide.
There is no cost to you for using a broker.
We are paid by the lender once your loan settles, which means you won't pay any additional fees and there is no impact on your interest rate or loan terms. Our service is designed to make the process easier by doing the research, comparing lenders and managing the paperwork on your behalf.
With Premier Path Finance, you receive expert advice and support at no extra cost, while we do the hard work for you.
Your borrowing capacity depends on factors including:
• Your income
• Existing debts and expenses
• Deposit amount
• Employment type
• Credit history
We'll assess your situation and help you understand your borrowing power before you start looking for a property.
Many lenders allow eligible borrowers to purchase with as little as a 5% deposit. A larger deposit may provide more lender options and help reduce costs such as Lenders Mortgage Insurance (LMI).
We'll guide you through your options and explain exactly what you'll need.
Pre-approval is an indication from a lender of how much you may be able to borrow before you purchase a property.
Pre-approval can help you shop with confidence and understand your budget. We'll manage the entire process and liaise with the lender on your behalf.
Timeframes vary depending on the lender and your circumstances. Many approvals are completed within a few days to several weeks.
Our team keeps the process moving and handles the communication with lenders, making everything easier for you.
Absolutely.
Buying your first home can feel overwhelming, but we'll guide you through every step. We'll explain the process in plain English, help you understand your borrowing capacity and determine whether you're eligible for grants and concessions.
Depending on your circumstances and location, you may be eligible for:
• First Home Owner Grants
• Stamp duty concessions
• Home Guarantee Scheme initiatives
We'll help you understand what support may be available and whether you qualify.
Yes.
A guarantor loan may allow eligible borrowers to purchase with little or no deposit while avoiding LMI.
Using a family guarantee in some cases can cover the full purchase cost of a property, inclusive of stamp duty (105% lend), with identical loan terms to a standard loan.
We'll explain how guarantor loans work and whether they're suitable for your circumstances.
Lenders Mortgage Insurance is generally required when you borrow more than 80% of the property's value.
LMI protects the lender, not the borrower. The cost varies depending on the size of your loan and deposit. We can help you understand whether it applies and explore options to minimise or avoid it.
Refinancing may help you:
• Lower your interest rate
• Reduce repayments
• Consolidate debts
• Access equity
• Improve loan features
We'll compare lenders and manage the refinancing process from start to finish.
Yes.
If your property's value has increased or you've paid down your loan, you may be able to access equity for:
• Renovations
• Investment properties
• Debt consolidation
• Personal expenses
We'll help you understand how much equity may be available and which options suit your goals.
Yes.
We assist investors with:
• Investment property loans
• Equity release
• Portfolio growth
• Interest-only lending
• Refinancing existing loans
Whether you're buying your first investment property or expanding your portfolio, we'll help create a strategy that aligns with your goals.
Yes.
Depending on your circumstances, some lenders offer low-deposit home loans and government schemes may also help eligible buyers enter the market sooner.
We'll explain your options and help you find a pathway into home ownership.
A fixed rate provides certainty by locking in your interest rate for a set period.
A variable rate can change over time and often offers greater flexibility, including offset accounts and extra repayments.
We'll explain the pros and cons and help you choose the right loan structure.
An offset account is a transaction account linked to your home loan.
The balance in the account reduces the amount of interest charged on your loan, potentially helping you save thousands over the life of your mortgage.
A construction loan is designed for people building a new home.
Funds are generally released in stages throughout the building process rather than in one lump sum.
We'll guide you through the process and coordinate with the lender and builder to help everything run smoothly.
Settlement is when ownership of the property is officially transferred and the loan funds are released.
We work closely with your lender, solicitor and conveyancer to ensure everything runs smoothly and keep you informed every step of the way.
We recommend reviewing your home loan every 12 to 24 months or whenever your circumstances change.
Regular reviews can help ensure you're still getting a competitive rate and the right loan features.
Multiple loan applications can impact your credit file.
That's why we carefully assess your situation first and recommend suitable lenders before submitting an application, helping you avoid unnecessary enquiries.
Premier Path Finance Pty Ltd ABN: 69 684 858 802. Credit Representative #570775 is authorised under Australian Credit Licence #384704.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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