Bridging the gap to your Dream Home
Timing doesn't always line up in the property market - that's why we're here to bridge the gap. Benefit from flexible terms, competitive rates, and a dedicated team ready to guide you every step of the way.
Explore our loan solutions No upfront credit checks. Free to try.Choosing the right solution for you
Feature packed. Super low rates.
Amazing coverage between buying and selling
Whether you’re upgrading or downsizing, a bridging loan can provide a solution that allows you to avoid the stress of having to sell your home first and find temporary accommodation while you search for your next home.
A Well Money bridging home loan is packed with features.
100% offset accounts
Convenient and simple way to start saving on your interest. Pop in your salary each month and use the Visa Debit card facility to access your funds.
Higher peak debts
Our bridging relocation loan offers up to 80% LVR on "peak debt," which includes your current mortgage plus the new loan needed to buy your property.
Flexible servicing
Got an unconditional contract of sale? We can be flexible with the way our servicing is calculated, giving you more options.
Single payment bridging
To help with your bridging loan, we can capitalise the Interest^ until your existing home sells (up to 6 months).
Featured Well Money bridging home loans
Rates and options for bridging loans
Get lower rates from day 1 with our super-low rate home loans.
No unfair loyalty systems or unnecessary features. Just great features, at a great rate.
- Max 80% LVR - on combined values
- 6-12 month loan terms
- Variable Interest Only repayments
- 100% Offset accounts on bridging loans!
- Self employed options available
FEATURED "live-in" relocation loan
Next Step Bridging
- Avoid renting while you buy
- 100% Offset available
- No payments for 6 months^
- Loan amounts: $150K - $1.5m
6.31%
Interest rate p.a.
6.35%
Comparison rate p.a.
Complex "live-in" relocation loan
Flex Bridging
- For complex situations
- 100% Offset available
- No payments for 6 months^
- Loan amounts: $150K - $3.5m
7.37%
Interest rate p.a.
7.74%
Comparison rate p.a.
What is a bridging loan?
What are Bridging loans?
Bridging loans are short-term loans designed to bridge the gap between selling your current property and buying a new one. They provide immediate cash flow for buyers who would otherwise have to wait for their current home to sell.
How do Bridging Loans work?
With a bridging loan, you can purchase your new home before you’ve sold your existing property. The loan is secured against your existing property, and when you sell it, the proceeds are used to pay off the bridging loan.
Why Choose a Bridging Loan?
With a bridging loan, you can purchase your new home before you’ve sold your existing property. The loan is secured against your existing property, and when you sell it, the proceeds are used to pay off the bridging loan.
Common Uses of Bridging Loans.
Bridging loans are frequently used to fund property purchases at auctions, renovation projects, or real estate development opportunities. They can also be used in any situation where you need short-term financing related to real estate.
How we work
Guiding you every step of the way
We make the process simple, clear and stress-free — so you can focus on what matters most.
Step 1 - The Conversation
Before we look at a single lender, we spend time understanding your situation, your goals, and what you actually need from a home loan. We want the full picture before we recommend anything.
Step 2 - The Recommendation
We search across our panel of lenders and find the loan that fits your situation. We'll take the time to explain exactly why including what we looked at and what we ruled out.
Step 3 - The Application
Once you're ready to proceed, we manage the process from start to finish. Paperwork, lender communication, and any issues along the way; we keep you informed without it overwhelming you.
Step 4 - The Relationship
Settlement isn't the end. Regular check ins and every year we conduct a WellCheck - a full review of your loan to make sure it still fits your situation. Your needs will change over time. We're here when they do.
Really important information
Things to consider
- Not everybody is eligible for a bridging loan, so before you commit make sure you speak with us or your Well Certified Partner;
- To be eligible you must be sure you can make repayments on both your existing loan and the bridging loan;
- ^You aren’t required to make payments on the bridging loan within the bridging period. This interest capitalised up to 6 months and added to the loan balance, which means you will pay interest on this interest;
- If you chose to make extra repayments during the bridging period, there is no access to a redraw facility and you will not be able to access those funds later;
- It is important you understand the market and are confident that you can sell your home and pay down the bridging loan within your agreed term of up to 6 months. If you don’t sell your home, when the bridging period ends you will be required to make repayments on both the existing home loan and new home loan;
- You may need to hold savings to ensure you can cover all repayments during the bridging period;
- If you’re approved for a bridging loan, during the term you may need to manage multiple repayments during the bridging period;
- You may sell your current property for less than you expected, which will leave you with a higher loan balance than anticipated.
Got questions?
FAQ's about Bridging loans
How long do I have to sell?
You have a period of 6 months in order to sell your current property. You will need to have an unconditional contract of sale for the sale of your property.
What happens if I don't sell?
If the existing home has not been sold once the Bridging Finance period ends, repayments will be required on the new home loan in addition to repayments on the existing home loan.
What sort of repayments do I need to make?
Every loan is different! You will need to make repayments on a Principal and Interest basis, though the interest may be capitalised, i.e. added to the loan amount you will owe at the end of the bridging period once your property is sold. While you can make additional repayments during the bridging period, be aware that there is no redraw facility. You can also use an offset facility to minimise the amount of interest you are charged.