As a mortgage broker, your goal is to offer your clients professional advice and support on the best lending solutions to suit them. But your clients' property needs are likely to change over time, from a first home buyer ,to an upsizer catering for their growing family or even a downsizer when they prepare to move into a retirement home.
Alongside standard 30-year mortgages, being able to offer your clients access to specialist loans will give you the edge and help you focus on supporting your clients across their lifetime. Bridgit, a specialist non-bank lender, is a great example, allowing brokers to offer both end debt and no-end debt bridging loans to a broad range of clients, from upsizers to downsizers and beyond.
By partnering with a lender like Bridgit, you can tap into a range of unique advantages that support both your client’s goals and your business’s growth. Regardless of what kind of bridging loan your clients secure, you’ll be paid on the total loan amount (even if there is no end debt).
Broker fees are also paid upfront with no clawbacks, and your clients have the flexibility to refinance their loan with any longer-term lender, allowing you to maintain that relationship.
Discover how Bridgit’s bridging loans are able to support your clients across a broad range of homeowner profiles.
Use case 1: Bridgit for upsizers
Designed for growing families and couples seeking more space, Bridgit’s bridging loans give upsizers the ability to move on their own terms. Rather than needing to sell before they buy, these homeowners can save on temporary living costs and skip the stress of missing out on their dream property.
Bridgit offers a tech-driven process with a 5-10 minute application, 24 hour approval outcome, and added perks of 1 month interest-free with no monthly repayments or fees.
With end-debt bridging loans, you’ll still own the client relationship after the bridging period and guide buyers to the right long-term lender for their needs, with complete control and total flexibility over who they refinance with.
Use case 2: Bridgit for rightsizers
Bridging loans are perfect for existing homeowners who are ready to make their next property move that’s better suited to their current needs and lifestyle. Why? Because access to fast finance means no missed opportunities while also giving homeowners the time to sell their existing property on their terms (and secure the best price possible).
With Bridgit, bridging finance is highly accessible, allowing you to help your clients jump on the best opportunities—even at short notice.
By harnessing market-leading tech and Bridgit’s team of bridging loan specialists, you’ll be able to help your clients secure approval within 24 hours (in some cases as little as one hour), with funds unlocked within 48 hours of settlement.
Regardless of whether your client’s loan has end debt or not, you’ll be guaranteed to get paid on the total loan amount. Plus, you can help homeowners refinance the loan to a longer-term lender of their choosing.
Use case 3: Bridgit for downsizers
For retirees or semi-retired clients looking to secure a residential property, land lease home, community home or retirement home, downsizing has never been easier with a Bridgit bridging loan.
Downsizers enjoy the perks of no income verification, with Bridgit able to assess loans based on property equity and asset position. Plus, there are no monthly repayments or fees (with one month interest-free), no double mortgages, and huge cost savings on offer, with no need for clients to fork out on short-term rentals, storage units, or the costs of moving multiple times.
For brokers interested in partnering with Bridgit, visit their dedicated partnerships page to explore the opportunities and benefits of a partnership or schedule a call with their team to learn more.
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