Bridging finance

Buy before you sell

If you'd like to purchase a new property before you sell your existing one, bridging finance could be just what you're looking for.

Bridging Finance provides a service to existing Commonwealth Bank customers who are:

• Seeking assistance to complete the purchase of a new property without having sold their existing property¹
• Have sold their existing property (but not yet settled) and require finance for the deposit on a new property – a Deposit Guarantee may also be ideal in this case

 

With a bridging finance facility, you may:

• Seek assistance to complete the purchase of a new property without having sold your existing property²
• Make unlimited lump sum payments, depending on the terms of your finance. Restrictions apply to Fixed Rate Loans
• Choose to make Principal and Interest or Interest only repayments

 

Deposit Guarantee option
If you need to pay a cash deposit when signing your contract to purchase residential property, and your cash is tied up in other investments, a Deposit Guarantee may also be an ideal option for you.

 

Important information

• 1. Customers should be aware that their existing home needs to be sold within 12 months from the disclosure date. The bridging period commences from the disclosure date recorded on the front page of the loan contract schedule.
• 2. Viridian Line of Credit cannot be used for bridging finance.
• View the User Terms & Conditions

Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions will be included in the Bank’s loan offer. Fees and charges are payable.