Frequently asked questions
How does a Clinch bridging loan work?
A Clinch bridging loan is a short-term loan designed to bridge the gap between buying a new property and selling your existing one. It lets you access funds quickly so you can purchase your next home without waiting for your current property to sell.
Who is eligible for a Clinch bridging loan?
At Clinch, our bridging loans are designed to help property owners smoothly transition between homes. You may be eligible if you: Own a property with sufficient equity to use as security for the loan Are purchasing a new property and need short-term finance before selling your existing home Have a clear exit strategy, typically the planned sale of your current property within the loan term Can demonstrate a stable financial position with the ability to service loan repayments Meet Clinch’s lending criteria, including credit assessment and property valuation.
How long do I have to sell my existing home?
With a bridging loan from Clinch, the typical loan term ranges from 3 to 12 months, giving you flexibility to sell your current property without rushing.
Can I still get a Clinch bridging loan if I haven’t found my new home?
Clinch offers flexible bridging loan options that don’t always require you to have secured your next property upfront. This can help you unlock equity or prepare financially while you continue your property search.
Do I need to make repayments during the bridging period?
With a bridging loan from Clinch, you typically only need to make interest repayments during the bridging period. This helps keep your monthly payments manageable while you transition between properties.
Will I have to pay two mortgages at once?
With a bridging loan from Clinch, you typically only make interest repayments on the bridging loan during the bridging period, not the full mortgage repayments. This means your monthly payments are generally lower than holding two full mortgages.
What happens if my home doesn’t sell in time?
If your property doesn’t sell within the agreed bridging loan term, it’s important to contact Clinch as soon as possible. We understand that selling a home can take longer than expected due to market conditions or other factors.
How does a Clinch bridging loan work?
A Clinch bridging loan is a short-term loan designed to bridge the gap between buying a new property and selling your existing one. It lets you access funds quickly so you can purchase your next home without waiting for your current property to sell.
Who is eligible for a Clinch bridging loan?
At Clinch, our bridging loans are designed to help property owners smoothly transition between homes. You may be eligible if you: Own a property with sufficient equity to use as security for the loan Are purchasing a new property and need short-term finance before selling your existing home Have a clear exit strategy, typically the planned sale of your current property within the loan term Can demonstrate a stable financial position with the ability to service loan repayments Meet Clinch’s lending criteria, including credit assessment and property valuation.
How long do I have to sell my existing home?
With a bridging loan from Clinch, the typical loan term ranges from 3 to 12 months, giving you flexibility to sell your current property without rushing.
Can I still get a Clinch bridging loan if I haven’t found my new home?
Clinch offers flexible bridging loan options that don’t always require you to have secured your next property upfront. This can help you unlock equity or prepare financially while you continue your property search.
Do I need to make repayments during the bridging period?
With a bridging loan from Clinch, you typically only need to make interest repayments during the bridging period. This helps keep your monthly payments manageable while you transition between properties.
Will I have to pay two mortgages at once?
With a bridging loan from Clinch, you typically only make interest repayments on the bridging loan during the bridging period, not the full mortgage repayments. This means your monthly payments are generally lower than holding two full mortgages.
What happens if my home doesn’t sell in time?
If your property doesn’t sell within the agreed bridging loan term, it’s important to contact Clinch as soon as possible. We understand that selling a home can take longer than expected due to market conditions or other factors.
How does a Clinch bridging loan work?
A Clinch bridging loan is a short-term loan designed to bridge the gap between buying a new property and selling your existing one. It lets you access funds quickly so you can purchase your next home without waiting for your current property to sell.
Who is eligible for a Clinch bridging loan?
At Clinch, our bridging loans are designed to help property owners smoothly transition between homes. You may be eligible if you: Own a property with sufficient equity to use as security for the loan Are purchasing a new property and need short-term finance before selling your existing home Have a clear exit strategy, typically the planned sale of your current property within the loan term Can demonstrate a stable financial position with the ability to service loan repayments Meet Clinch’s lending criteria, including credit assessment and property valuation.
How long do I have to sell my existing home?
With a bridging loan from Clinch, the typical loan term ranges from 3 to 12 months, giving you flexibility to sell your current property without rushing.
Can I still get a Clinch bridging loan if I haven’t found my new home?
Clinch offers flexible bridging loan options that don’t always require you to have secured your next property upfront. This can help you unlock equity or prepare financially while you continue your property search.
Do I need to make repayments during the bridging period?
With a bridging loan from Clinch, you typically only need to make interest repayments during the bridging period. This helps keep your monthly payments manageable while you transition between properties.
Will I have to pay two mortgages at once?
With a bridging loan from Clinch, you typically only make interest repayments on the bridging loan during the bridging period, not the full mortgage repayments. This means your monthly payments are generally lower than holding two full mortgages.
What happens if my home doesn’t sell in time?
If your property doesn’t sell within the agreed bridging loan term, it’s important to contact Clinch as soon as possible. We understand that selling a home can take longer than expected due to market conditions or other factors.
“We secured our new home without waiting, and we got the best price on the old one.”
Sarah, NSW
“We secured our new home without waiting, and we got the best price on the old one.”
Sarah, NSW
Important information
Clinch™ is a trademark of AHC Finance Pty Limited ABN 35 161 006 846 T/As Clinch Finance (Australian Credit Licence No. 448165). *Approved applicants only. Terms and conditions and fees and charges apply. All applications are subject to lending and approval criteria. #Comparison rate is based on a secured loan of $150,000 over a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
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Clinch