Tailored Home Loans for Your Next Chapter
Purchasing your next home is a significant step in your property journey, and securing the right financing can make all the difference.
Our owner-occupier home loan options are tailored to meet your unique needs, whether you’re upgrading, downsizing, seeking a lifestyle change, or expanding your property portfolio. We work with lenders to provide flexible solutions and the most beneficial rates, ensuring a smooth transition between your homes.
Bridge the gap between buying and selling with flexible short-term finance tailored to your needs.
Buy Before You Sell With Bridging Finance
If you’ve found your next home but haven’t yet sold your current one, bridging finance can provide the flexibility you need. At Vivid Financial, we help you navigate and secure this short-term loan solution, ensuring a smooth transition between properties.
Secure Your Next Home First
Buy your new home without waiting to sell your current one, giving you a competitive edge in today’s fast-paced market.
Reduce Settlement Pressure
Eliminate the stress of coordinating settlement dates, giving you the flexibility to transition between homes smoothly.
Flexible Repayment Options
Choose between interest-only payments or capitalising interest until your existing home sells.
Maximise Your Sale Price
Sell on your terms without rushing to meet a settlement deadline.
Use Your Current Home To Fund Your Next Property
Your existing home could be the key to financing your next property. By leveraging your equity—the difference between your property’s value and your remaining loan balance—you can access funds to secure a new home or grow your investment portfolio. We’ll help you make the most of your available equity by structuring your loan effectively and unlocking opportunities that align with your financial goals.
frequently asked questions
What happens if I can’t sell my current home before the bridging loan period ends?
If you’re unable to sell your home within the agreed bridging loan period, we’ll work closely with you to explore potential solutions, such as extending the bridging loan or refinancing it into a longer-term loan.
In some cases, we may look at other financing options to help you manage the transition smoothly. It’s crucial to have a backup plan in place, and our experienced brokers will provide professional advice to help you navigate any challenges that arise, ensuring you’re never caught off guard during the process. Our goal is to offer flexibility, so you can confidently manage both your existing and new property.
What additional costs should I consider when transitioning to my next property?
When moving to your next property, it’s essential to plan for a variety of associated costs to ensure effective budgeting. At Vivid Financial, we’ll help you identify these expenses and tailor loan structures to manage them both in the short and long term. Here’s a breakdown of key costs to consider:
- Loan Application and Discharge Fees: Lenders may charge setup fees for your new loan and discharge fees for settling your current mortgage. At Vivid Financial, we ensure full transparency, so you’re aware of all fees before securing your loan.
- Stamp Duty: This state-specific tax on the purchase price of your new property is an upfront cost that should be factored into your overall budget, typically due at settlement.
- Moving Expenses: Costs such as removalists, temporary storage, and utilities setup can add up, so plan ahead to avoid surprises.
- Selling Costs: If you’re selling your current home, you’ll need to account for agent commissions, advertising fees, and any repairs to ensure your property is sale-ready.
Can I use bridging finance or my home equity for something other than buying a new property?
Additionally, the equity in your existing property may be accessed through refinancing for purposes such as renovations, debt consolidation, or other investments. Individual lender policies and borrowing conditions can vary, and it’s important to structure your loan correctly to align with your financial goals. At Vivid Financial, we’ll help you explore the best options to maximise your equity while ensuring a smooth transition.
