Can you refinance a bridging loan before selling the property?

Yes. Australian borrowers regularly refinance bridging loans before the original property sells, either by extending with the same lender or switching to a new bridging lender. The key requirements are an acceptable LVR on current valuation and a credible revised exit strategy.

How long does it take to refinance a bridging loan in Australia?

An extension with the existing lender can settle in 3 to 7 business days. A full refinance to a new bridging lender typically takes 10 to 20 business days. Conversion to a long-term mortgage usually takes 4 to 6 weeks because of full income servicing requirements.

What interest rates apply to refinanced bridging loans?

Refinanced bridging loans in Australia generally sit in the same range as new bridging loans, typically 7.5% to 11% per annum for first-mortgage residential security, with commercial and second-mortgage facilities priced higher.

Can you refinance a bridging loan with the same lender?

Yes, this is usually called an extension rather than a refinance. Most Australian bridging lenders allow extensions of 1 to 6 months provided the LVR remains within policy and the exit strategy is credible. Extension fees are typically lower than full refinance costs.

Will refinancing a bridging loan affect your credit score?

Each new bridging loan application generates a credit enquiry, which can have a small short-term impact on your credit score. However, refinancing on time is significantly better for your credit profile than allowing a bridging loan to default or be enforced.

Can self-employed borrowers refinance a bridging loan?

Yes. Many bridging refinances in Australia involve self-employed borrowers, particularly when the original sale has been delayed. Bridging refinances are assessed on asset value and exit strategy, so they remain accessible even when traditional servicing documentation is limited.

What happens if you cannot refinance before the bridging loan expires?

If a bridging loan is not refinanced or repaid by expiry, the lender typically applies default interest (around 4 to 6 percent above the standard rate) and may move toward enforcement. Most lenders will negotiate a short forbearance period if a refinance is genuinely in progress.

How to Refinance a Bridging Loan in Australia (2026)

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Bridging Loans Australia