Two months bridging loan is not a good option. I have recently arranged bridging loans from banks for some of my clients and these are for one year. Both the loans will be interest only for this one year period. Client has to sell the first property within one year.

<No trawling for clients permitted – by all means provide expert input but leave…[Read more]

Brokers usually have access to many lenders on their panels which include all major banks and lenders. Each bank has its own lending criteria, that is why brokers have their calculators on their computer and can check which banks will lend you money and how much.

<Trawling – Derek>

Sydneysider