AVOID!Had the worst experience with this company. There are ridiculous set up fees which for us was about $17.5k. Our broker recommended this “great new product” but after further investigation discovered the only reason our broker recommended them was because of the upfront 0.35% commission! Plus trailing commission.The were horrendous to deal with and the payout figure given was huge and I knew it did not add up. Turns out it was $394k out! They had discharged our existing loan twice! When we asked for an itemised statement showing how they got to this figure the could not produce one. It took 2 weeks and had to reach out to senior management to handle it.Right up to the very end it was issue after issue and they had no idea what was going on and held up the process which we missed our settlement date by 2 weeks and had to give prior occupancy to our buyers.After further investigation of other financial institutions like St George, Westpac, Commonwealth etc, there are no or very little set up fees, but coincidental no commission for brokers.Don’t be fooled and stick to the big banks!
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Bridgit exists to help Australian homeowners unlock their property wealth. Since their launch in 2021, Bridgit have empowered thousands of Aussie's with financial flexibility and freedom by unlocking their property equity and helping them to progress in life. Their mission is to revolutionise bridging loans, making them more accessible and a first choice for buying property.
Their technology enables a 5-minute online application, 24-hour approval, and no monthly repayments, allowing you to focus on finding your perfect home.
Bridgit is committed to giving hardworking Australians the opportunity to move forward without holdbacks.See more
