How bridging finance helps clients simplify complex lending scenarios

Background

When a scenario falls outside of the typical structure – including factors such as shared ownership or different names of the title – we can offer the flexibility needed to get the deal done.
A son, his wife and his mother were purchasing a new, larger home together to accommodate shared living, utilising a single asset to buy before selling.

Let’s take a closer look at the loan scenario:

LVR: 50%
Loan amount: $1,160,000
Loan purpose: Bridging to purchase a larger, shared family home
Loan term: 12 months

Our Objective

To help the clients:

Purchase a shared family home under all three names
Using the mother’s existing property, held solely in her name, as the security for this purchase

Our Solution

We were able to secure a solution that didn’t require ownership restructuring or delays to the process, allowing the trio to secure their dream family home.