Bridging Loans - Bridge the Gap with Legacy Mortgage Solutions

Financing with Bridging Loans

Our promise to you

Bridging loans are designed to provide short-term finance to cover the gap between buying a new property and selling your existing one. Whether you’re a property investor or a homeowner looking to upgrade, our bridging loan solutions offer:

Expert Guidance

We navigate you through the complexities of bridging finance, ensuring clarity on costs, terms, and exit strategies.

Rapid Access to Funds

Secure fast-track finance so you can act quickly in competitive markets.

Flexibility in Transition

Bridge the gap between transactions without waiting for your current property sale to settle.

Minimised Disruption

Keep your property plans on track with a tailored short-term solution that adapts to your timeline.

Ongoing Support

From application to settlement and beyond, our team is committed to providing continuous advice as your situation evolves.

Start Building Your Legacy

Are you located outside of Melbourne? Get in touch and we can help find the best solution for you, no matter where in Australia you’re located.

How it works

Our Bridging Loan Process

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Initial Consultation

We begin with a comprehensive discussion to understand your property portfolio, timeline, and financing needs.

Customised Strategy Development

Based on your goals, we develop a bridging finance plan designed to cover your short-term requirements while aligning with your long-term property strategy.

Comparison of Specialist Lenders

Leveraging our network of specialist lenders, we source competitive rates and flexible products tailored for bridging finance.

Application & Approval

We manage the paperwork and liaise with lenders on your behalf, ensuring a streamlined approval process to meet your urgent timelines.

Settlement & Exit Planning

After settlement, we help you plan an exit strategy—whether that involves refinancing into a long-term loan or repaying the bridge loan upon the sale of your existing property.

Bridging Loan Considerations in Melbourne

Understanding Bridging Loan Options & Considerations

Bridging loans are a unique form of short-term finance. Here’s what sets them apart:

Interest-Only Repayments

Most bridging loans are structured as interest-only, reducing the initial financial burden during the transitional period.

Short-Term Duration

Typically offered for periods up to 12 months, these loans are intended to cover the gap until your existing property sells or you secure long-term finance.

Loan-to-Value Ratios (LVRs)

The amount you can borrow is generally based on the equity in your current property. We help you determine a realistic LVR to ensure your bridging loan is sustainable.

Exit Strategy Requirements

Lenders require a clear exit strategy, such as a confirmed sale or a planned refinancing arrangement, to ensure the bridging loan is repaid on time.

Cost & Fee Structures

Bridging loans can include fees such as establishment fees, valuation fees, and ongoing administration costs. We break down these costs upfront so you know exactly what to expect.

Regulatory Considerations

Although there are no direct government incentives for bridging finance, strict lending criteria and regulatory guidelines ensure that both borrowers and lenders maintain a sound risk profile. We ensure your bridging loan adheres to all relevant regulations while protecting your interests.

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Access the best lenders in Australia to help bridge the gap!

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Frequently asked questions

Everything you need to know about securing a bridging loan in Melbourne.

What is a bridging loan?

A bridging loan is a short-term finance option that provides funds to cover the gap between purchasing a new property and selling an existing one. It’s typically interest-only and designed to be repaid once your sale completes or long-term finance is arranged.

Who is eligible for a bridging loan?

Bridging loans are available to both property investors and homeowners who have equity in their current property. A clear exit strategy, such as a confirmed sale or refinancing plan, is usually required.

How quickly can I access funds with a bridging loan?

Our streamlined process is designed for rapid approval, often providing access to funds within a few days, so you can act quickly in competitive property markets.

What fees are associated with a bridging loan?

Common fees include application, establishment, valuation, and administration fees. We provide a detailed breakdown of these costs during our consultation to ensure transparency.

What is the typical term for a bridging loan?

Most bridging loans are offered on a short-term basis—usually up to 12 months—suitable for the period between buying a new property and selling an existing one.

Do I need a confirmed sale of my existing property?

While having a confirmed sale strengthens your application, lenders understand that timing can be uncertain. We work with you to develop a credible exit strategy, even if the sale isn’t finalised at application time.

Can bridging loans be extended?

In some cases, extensions may be possible if you require additional time to finalise your exit strategy. However, this will depend on the lender’s policies and your individual circumstances.

How do bridging loans differ from standard home loans?

Bridging loans are specifically designed for short-term use during transitional periods, typically focusing on interest-only repayments and requiring a clear exit strategy, unlike long-term home loans which aim to provide sustainable financing over many years.

Ready to bridge the gap?

At Legacy Mortgage Solutions, our bridging loan experts are dedicated to securing a short-term finance solution that keeps your property plans on track.

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Browse our other services

Can't find exactly what you're looking for? Here are some other services that we provide that might be more suitable to your situation:

Investment Loans

Access competitive loan options that can help you maximise your investment returns across your portfolios

Commercial Loans

If you need help to refinance or purchase commercial property, just contact us today to find a solution.

Variable & Fixed Rate Loans

Let us help you navigate the complexity around loans and find the best rate type for your goals.

First Home Buyer Loans

Access competitive loan options that can help you start your property journey in Australia, get in touch today.

SMSF Loans

An SMSF loan enables a Self-Managed Super Fund to borrow funds for acquiring investment properties or refinance existing SMSF debt.

Asset Finance

Need finance for another large purchase besides your home like a private car or commercial vehicle and equipment?

Restructuring Finances

Have you recently assessed your overall financial situation, or are you among those who simply set and forget?

Development Funding

Development funding offers a range of financial options tailored to help you successfully complete your project.

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Not sure what kind of loan you need?

The major benefit of using a broker to finance other large purchases besides property is obtaining finance that is tailored to fit your current financial circumstances and needs. With depreciating assets, the right finance can also potentially save you money on interest and fees, or potentially help you maximise your tax benefits. AND MORE – Not sure what kind of loan you need for your current financial circumstances? That’s our job. We deliver tailored finance solutions chosen from a panel of leading lenders, and give you peace of mind that your loan is working for you. Contact us today to find out all the ways we can help you.

Bridging Loan Brokers in Melbourne

Bridge the Gap with Fast, Flexible Finance