Bridging Finance

Discussion in 'Loans & Mortgage Brokers' started by Jacque, 14th Dec, 2005.

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  1. Jacque

    Jacque Jacque Parker Premium Member

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    One for you brokers....
    How difficult is Bridging Finance nowadays to organise, as a short term solution between property settlements?
    Also, are you able to just pay off the interest components if just changing over PPOR's?
     
    Jacque, 14th Dec, 2005
    #1
  2. Simon

    Simon Well-Known Member

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    It certainly is not as popular as it was a few years ago. Bridging finance can be arranged but I usually prefer to see people avoid it if they can.

    Depending on the LVR the interest may be capitalised during the bridging period if required.

    I am sure IO can be an option if required.

    Cheers,
     
    Simon, 14th Dec, 2005
    #2
  3. Jacque

    Jacque Jacque Parker Premium Member

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    So what are the standard fees Simon for this type of loan?
    Also, are the interest rates any higher than the standard variable?
     
    Jacque, 14th Dec, 2005
    #3
  4. Simon

    Simon Well-Known Member

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    I will have to find out mate - bridging finance is not something I see much of. It really is unusual today.
     
    Simon, 14th Dec, 2005
    #4
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