Bridgit joins the Loan Market panel of lenders

Bridgit has partnered with Loan Market, becoming the aggregator’s first technology-driven bridging lending solution on its panel of lenders.

This new partnership continues the expansion of the non-bank lender’s brokerage offering by providing resources, tools and technology to streamline the transition process.

Loan Market’s panel has now reached a total of 65 lenders, filling the gap for brokers to provide clients with an easier bridge loan solution through Bridgit’s simple online loan application, 24-hour approval and a three-month interest-free period.

Bridgit Co-Founder and CEO Aaron Bassin said, “By partnering with one of the largest aggregators in the industry, aligned with our mission to use innovative technology to deliver better solutions, we aim to help more people Australians to access better housing finance.

“Our goal is always to put the customer first and Loan Market shares the same value. We look forward to working not only with Loan Market, but also with their network of high quality brokers.

Stephen Doyle, head of distribution at Bridgit, said the non-bank lender was excited to expand its offering and network of brokers, while giving more homeowners faster solutions to secure their next home before selling. their existing property.

“We recognize the important role brokers play in guiding and supporting homeowners through the lending process.

“Too often Australians pay the price and miss out on their next property due to traditionally slow and manual financial processes,” Mr Doyle said.

Loan Market Managing Director, Andrea McNaughton, added: “Our brokers recognize the quality of our panel of lenders which offers both more choice and targeted solutions for the individual needs of their clients.

“Bridgit complements our extensive offering as demand for fast and convenient bridge financing solutions increases in the market.”

Less than a year after launch, the non-bank lender has spent $1 billion in loan applications as demand for a “buy first, sell later” model continues to grow.

Bridgit has announced that it has surpassed $1 billion in loan applications, less than a year after it was founded by mortgage broker Nick Jacobs and financial markets specialist Aaron Bassin.

The lender specializes in what it calls a “buy first, sell later” model; bridging loans that allow borrowers to secure their next home before selling their existing property.

According to the non-bank lender, many older Australians have decided to capitalize on the rise in property prices over the past 12 months (particularly around capital cities), which rose by 11.2% nationally. .

[RELATED: Bridgit secures $1bn in loan applications]

Bridgit joins the Loan Market panel of lenders

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Last update: September 19, 2022

Posted: September 20, 2022

Priscilla C. Carnegie