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FAQs

Some of the FAQs about Equity Flow’s Bridging Loans service.

Navigating the world of bridging loans and equity release products can be a little complicated, so we have pulled together a brief list of frequently asked questions:

Do I need to sell first before applying for an Equity Loan?

Yes. Equity Flow loans are only available to property’s that have exchanged unconditionally.

I’ve completed my online application, what happens next?

Sit tight! Our team and automated processes move fast, meaning your application will be finalised within 48 hours. Once approved, funds can be sent to your bank account either the same or the next business day.

What is the process for checking your credit?

In most situations, Equity Flow typically does not conduct a credit check when you apply for early settlement bridging finance.

What documents do I need for the application?

To apply, you’ll need your sales contract, evidence of your mortgage amount, and a copy of your passport or driver’s license for identity verification.

How is the bridging loan secured?

An Equity Flow loan is secured through a caveatable interest in the property being sold. This means a notice is placed on the property’s title to confirm our interest, which is removed upon repayment during the property settlement process.

How is the equity loan repaid?

There’s nothing for you to do! Your conveyancer or solicitor will organise for everything to be repaid at settlement.

What are the minimum and maximum equity finance I can apply for?

Access between $15,000 and $250,000 before settlement.

What is the longest settlement period for an Equity Flow loan?

With loans extending to 6 months, you can steer clear of the worry and unpredictability of being ill-prepared. Instead, you can rest assured that you’ll have the necessary funds precisely when you need them the most.

How do I sign the bridging finance agreement?

Your Equity Flow Equity Release Loan Agreements will be sent to you via email and you will be required to signed electronically.

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