Property bridging is a way of selling your property and then using the money to purchase another property. This allows you to take advantage of the capital gains tax (CGT) exemption that applies when selling your first home.
How much does bridging finance cost?
Bridging finance is a common method for financing real estate projects. This method involves borrowing money from a bank at an interest rate of three percent, and then paying back the loan with your property taxes. You can also get a second mortgage on your house to pay off the first one if you want to.
What is Property Bridging Finance
How To Apply for Bridging Finance
How does bridging finance work?
Bridging is a loan that you take out to purchase a home. You use the money to make down payments, pay closing costs and other expenses, and then pay back your bridging loan with property taxes, mortgage insurance premiums (PMI), or both.
