Stress-Free Bridging Loans
Seamless Property Transition with Bridging Loans
Bridging Loans
Buy Before You Sell
Short-Term & Flexible
Interest-Only Options Available
Minimise repayments during the bridging period.
Why People Getting Loans Trust CVG Finance
We match you with the best lenders.
Quick approvals and minimal paperwork.
Over 70 years of industry experience.
Got Questions? We’ve Got Answers!
What is a bridging loan?
A bridging loan is a short term loan, usually 6-12 months, that can assist you to buy another residential property before you have sold your existing one. The advantage of a bridging loan is that you only have to move once and it allows you time to put your existing house on the market after it has been vacated. The disadvantage is that it can be a problem if you are unable to sell your existing property in the time frame provided. That is why it is important to discuss your situation with CVG Finance prior to obtaining bridging finance.
How much does bridging finance cost?
Typically, during the bridging period, you’ll need to make interest-only payments. However, some lenders may allow the interest to be capitalised, meaning you don’t need to pay it until after you’ve sold your existing property. Keep in mind that these lenders usually charge higher interest rates and fees to accommodate this option.
What should you consider before getting a bridging loan?
It’s important to consider the market conditions and the saleability of your existing property, as you don’t want it to remain unsold for an extended period and exceed the term of your bridging loan. At CVG Finance, we can guide you through the bridging loan process and help ensure it aligns with your needs.