This loan is for customers who have found a new house to purchase but haven't sold their existing property yet. The Bridging Loan offers the simple solution of being able to move into their new home while their old home is still on the market.

Features:-

•Competitive interest rate

•No repayments necessary until the end of loan term

•No monthly administration fee

•No early termination fee

•No servicing assessment required on Bridging loan

•Interest can be capitalised

•Additional or lump sum repayments welcome without penalty

•Valuation fee on first security paid by Heritage up to $330

•Normal LVR requirements apply to new home

•Bridging loan can be combined with any other Heritage loan

•$900 application fee (includes residual loan)

•Must be repaid within 12 months

•Standard term of 6 months

•Maximum 72% LVR (on property to be sold)