When thinking of relocating, either to downsize, upgrade or to move interstate, a question often asked is:

“Do I sell first then buy or do I buy first hope I sell during my settlement period?”


Bridging finance may be an answer to this.


But, what exactly is Bridging finance?

Bridging finance is a loan structure that allows you to fund your new purchase whilst selling your current home. Bridging finance, often called ‘relocation loans’, last between 6 to 12 months time, depending on the lender.

There are three types of debt that is referred to with Bridging finance:

Peak Debt

Where the total debt that you are holding whilst this includes:

  • Your current loan balance
  • Purchase price of new property (less deposit paid)
  • Stamp Duty
  • Interest of bridging period


End Debt

The loan balance after the sale of the property and all costs have been paid

No End Debt

Your debt is nil after the bridging period. This is quite common if you are downsizing.


‘How much is bridging finance?’

This is the biggest question we are asked.

Bridging finance used to have a premium rate and was quite an expensive option. Now, Bridging Finance is subject to the standard variable rate. After settlement this will be reduced based on the lender and discount offered and the loan amount.

What are the PROS?


  • It enables you to buy the house you love now and saves you possibly moving twice
  • Gives you 6 to 12 months to prepare your home for sale to achieve maximum price possible
  • Reduced interest only payments or sometimes no payments at all during the bridging period with the flexibility of making extra repayments with no penalty any time
  • Rates and no longer inflated


And the CONS?

There are some points to be aware of during the Bridging finance process, so please make sure you consider the following:

  • Interest rate accrued on PEAK debt during bridging period
  • Higher application fees and valuation costs (some lenders my charge for an extra valuation)
  • Limited lenders – not all lenders offer bridging finance. Consulting a broker is a must
  • Some lenders will assess your borrowing capacity on your peak debt which can be quite hard to qualify for.
  • Some banks reduce the valuation to allow for a fire sale
  • Bridging finance is not uncommon, but can be quite complex, so by having a broker who can talk you through the process and to see if you qualify is crucial.

Luckily, Pink Finance loves this stuff! Get in touch if you’d like to learn more about Bridging Finance.


  • As a first home buyer, Nicole & her team took the stress out of what can be an overwhelming experience. She was incredibly thorough, knowledgable & efficient. I would recommend her to anyone seeking financial services!

  • Thank you so much to Nicole and the team for my recent loan refinance. The professionalism, communication and efficiency from start to finish throughout the process was exceptional. The customers’ needs are always their top priority and it’s great to have extra money in your pocket each month! I have no hesitation in recommending Pink Finance amazing services and know many others that say the same.

  • So grateful for Nicole and her team. They were so amazing from the start to end. We were able to change our loan and start achieving our goals thanks to the exceptional service from Pink Finance. Always so accommodating. Best broker we have ever dealt with. Thank you.

  • It was our pleasure dealing with Nicole Cannon when we decided to refinance our home loan. Her professionalism and knowledge made the process a lot easier. Her dedication and prompt service really separates her from the rest.

    We would not hesitate to recommend Pink Finance to anyone looking for a professional tailored service.

    We will definitely utilise the service of Pink Finance for our next investment.

  • You provide emotional as well as transactional support which is appreciated given the stress typically associated with property purchasing!

  • Nicole and her team were absolutely wonderful to partner with for our home refinancing and purchase of investment properties. We are delighted with the outcome, but in fact also enjoyed the whole process thanks to the team at Pink Finance. Will be recommending them to all our friends and family.

  • Fantastic service and knowledge. Excellent.

  • Nicole is a consummate professional in every way. She responded to our urgent query with great speed and if it wasn’t for her assistance we would never have been able to move fast enough to buy our home. Her expertise helped us navigate a complex market quickly to identify the right lender for us. From start to finish she made the whole process as pain-free as possible. She’s just awesome to work with and we are ever grateful to her for helping us secure our home.

  • Your professional and expert knowledge in your field has been a fantastic resource for new clients. The ladies have a great understanding and ability to convey this information to clients. I have put my trust in them and have always been reassured that they would help me through this process the whole way. A supportive and encouraging team and I would highly recommend to all people considering their service.

  • A very professional and courteous service with information constantly being updated. I would highly recommend this Nicole Cannon to anyone.

  • Nicole Cannon is the best broker I have ever worked with and I have used many other brokers over the years. She took the time to understand my needs and has a very proactive and pragmatic approach to sniffing out the best deal. Nicole also has an impressive network and her knowledge of the industry is second to none. Not only will I recommend her to all my friends, I shall be using her again and encourage others who read this to use her as well!

  • I have two small children and my wife and I are both working, so our time is extremely tight and finding time to do anything during normal business hours is almost impossible. Nicole was always not only completely accommodating of our schedule and able to meet us after hours at short notice, she always did so with a big smile and a friendly manner.

    As well as being friendly and easy to deal with, Nicole really knows her game. She was well schooled in the best deals in the market each time we met her and did whatever it took to get us the best home loan overall. I’ve been unimpressed by other mortgage brokers in the past, so had done my homework though other lenders and could never beat the deals that Nicole was not only bringing to me but doing all of the hard work in getting the applications completed. I would recommend Nicole to anyone. 10/10.

  • Very fluent service and understanding what I need! I was thoroughly impressed by Nicole’s attention to detail and a focus on exactly what I required.

  • Nicole was very professional and yet approachable. She organised my daughter and her partner’s first home loan. She did a great job, and graciously answered myriads of questions. Nicole made the process simple and took the stress out of loan hunting for them, allowing them to concentrate on finding a home. She then juggled the refinancing of multiple loans for us which enabled us to act as guarantor for our daughter. Nicole suggested amalgamating our loans with the same provider as my daughter and also guided us through the sale of an investment property. Unexpectedly, Nicole managed to save us a lot of money on our own mortgages as well.. an added bonus! We highly recommend Nicole, and have already passed on her name to friends and colleagues.

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0414 633 793