When it comes to buying a second property, there's a bit more to think about than your first home.
A bridging loan could help you purchase a new property to live in, before you sell your existing home.
It's a temporary loan, usually up to 6 months, and you’ll need to have your existing home loan with us. You'll need to sell and settle your current property within the loan term.
The proceeds from your property sale will go towards paying off your bridging loan. If you sell your house for less than the bridging loan, you could end up with a higher home loan balance than you expected. 6 Bridging finance is a facility of the Mortgage Shredder Home Loan only.