Client Profile:
A homeowner looking to upgrade from their existing property while purchasing a new home before selling their current residence.

Scenario:
The client identified a new property they wanted to secure but had not yet sold their existing home. To avoid missing out on the purchase, they required short-term funding to complete the transaction.

Solution:
A bridging loan was structured to cover the purchase of the new property while the existing property remained on the market for sale. The loan was based on the combined value of both properties, with interest capitalised during the bridging period to ease cash flow pressure.

Outcome:
The client successfully secured their new home without needing to sell under time pressure. Once the existing property was sold, the proceeds were used to reduce the debt significantly, leaving a standard home loan on the new property.

Key Benefits:

• Enabled purchase without sale contingency
• Reduced stress and time pressure in selling
• Provided flexibility in timing the property transition
• Maintained market value outcome for the sale property