How Bridgit is enabling business growth for mortgage brokers

Mortgage brokers: what is your current growth strategy?

If your approach has been simply to win new clients and grow your book, you’re not alone. However, acquiring new clients is a time-consuming and resource-intensive process.

But what if there was a way to boost the lifetime value of each client you secured rather than relying on only bringing in new business? If you’re ready to unlock sustainable, long-term business growth, it’s time to double down on retention and elevate your client experience—and here’s how.

As a specialist non-bank lender, Bridgit supports Aussie homeowners to access their property equity to make their next property step. In fact, Bridgit is on a mission to empower brokers to better serve their clients throughout the entire property journey, giving them and their clients another solution for their next move.

While short-term bridging loans have traditionally been difficult to access, Bridgit makes it possible for a range of homeowners to buy before they’ve sold—reducing the stress and high costs of temporary living arrangements and managing two mortgages at the same time.

By allowing homeowners to borrow against their existing property equity to purchase their next home, you can give your clients the freedom and flexibility to move on their own terms. Once their existing property is sold, the proceeds will be used to pay off their bridging loan.

This presents a unique opportunity for mortgage brokers. By partnering with specialist lenders, like Bridgit, means you can continue to assist clients as they upsize, downsize or even move into a retirement home.

In practical terms, this looks like:

• Helping a young family make a seachange and upsize, securing conditional approval in hours (not weeks), even while being self-employed, thanks to Bridgit’s easy online application and approval process. For brokers, Bridgit’s 24-hour approval helps you ensure that your clients don’t miss the perfect opportunity to buy their dream home.
  
  
• Making it possible for an older couple to rightsize to their dream acreage property before they’ve sold their existing home, securing approval and the ability to act fast to make an offer in just 24 hours. With no income servicing for downsizers and no end loan bridging available, Bridgit empowers brokers with a flexible loan policy that makes bridging accessible for more homeowners.
  
  
• Enabling retirees with no income to tap into the equity in their existing home to downsize into a property that suits this next chapter of their lives (without being held back by income verification). For brokers, Bridgit offers no clawbacks and broker fees paid upfront upon settlement.

For downsizers, there’s a high chance there won’t be a remaining balance (no end debt) after the sale of their property. For upsizers, the remaining loan balance is able to be refinanced to any lender, giving you the ability to continue supporting these clients with a standard mortgage, too.

The key to sustainable business growth is expanding the suite of products and solutions you can offer to your clients. This is a powerful way to win new business, but more importantly, it allows you to provide ongoing value to your existing clients and build long-lasting relationships.

For brokers interested in partnering with Bridgit, visit their dedicated partnerships page to explore the opportunities and benefits of a partnership or schedule a call with their team to learn more.

Prefer a chat? Contact your state Bridgit BDM:

Nik

North NSW / QLD

0483 959 388

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Candice

South NSW / ACT

0483 903 088

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Michael

VIC / SA / TAS / WA

0482 071 272

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