🔍 How Does a Bridge Loan Work?
A bridge loan is typically interest-only and lasts 6–12 months. During this time, you’ll hold two loans:
- Your existing mortgage
- The bridging loan for your new property
Once your current home sells, the proceeds go toward paying off the original loan. The remaining balance becomes your new home loan.
🏠 Who Uses Bridging Finance?
- Upgraders who find their dream home before selling
- Downsizers who want to avoid renting between moves
- Builders financing a new home while living in the old one
✅ Pros of Bridge Loans
- Buy now, sell later—no need to rush your sale
- Avoid renting or moving twice
- Use your home equity as security
⚠️ Risks to Consider
- If your home doesn’t sell in time, interest costs can balloon
- You may face valuation fees for both properties
- Some lenders charge higher rates if the sale is delayed
🤝 Is a Bridge Loan Right for You?
If you’re confident your property will sell within the bridging period, this could be a smart move. We’ll help you assess your equity, compare lenders, and structure repayments that work for your timeline.
Let’s bridge the gap—together.
👉 Contact Molomo Finance to explore your options.
