Securing your next property before settlement

The process of buying before selling doesn’t always align perfectly. Have you thought about how you’ll secure the deposit for your next property purchase if your current home hasn’t yet settled? Bridging loans or bridging finance might just provide you with the financial flexibility to move ahead.

Picture this — you find the perfect property, whether it’s your dream home or an investment opportunity. You’re ready to make a move, but your current property isn’t yet sold or even listed on the market. Property markets across Australia and New Zealand can be unpredictable; from shifts in buyer demand to economic impacts, there’s a good chance your timeline may be affected. If you’re depending on the equity from your current property to buy, waiting can be stressful.

For those competing in a fast-paced seller’s market, bridging loans give you a much-needed advantage. Imagine going up against cashed-up buyers from interstate who can quickly meet the seller’s terms. Being prepared with a reliable source of funding, like bridging finance, gives you the edge.

Buying at auction presents an even greater need for secure finances. Auctions typically require an immediate 10% deposit with no cooling-off period, making bridging finance essential for buyers who want to bid confidently, even if they haven’t yet sold.

Renting while in between purchases used to be a popular option. However, with the current rental crisis and low vacancy rates, finding a rental is hardly a guaranteed plan B. Instead, bridging finance can help you access funds within 24 hours, ensuring you’re not left without options.

Property Credits offers bridging finance solutions that let you secure your next property while awaiting settlement on your current one. With flexible options tailored to your needs, you’ll have the financial confidence to make a strong offer or bid and take control of the buying-before-selling process.