Partnership aims to support brokers as bridging finance demand grows
Non-bank lender Bridgit has joined the lender panel of Yellow Brick Road (YBR), forming a partnership with YBR’s national broker network to provide bridging finance solutions for homeowners seeking to purchase before selling their existing properties.
Yellow Brick Road Group operates a network of local branches and more than a thousand brokers across Australia, connecting clients with a range of mortgage products. YBR brokers, the aggregation group said, are known for their understanding of local markets and their ability to provide tailored mortgage advice and ongoing support throughout the property process.
“We’re thrilled to join the Yellow Brick Road panel,” said Stephen Doyle (pictured top left), chief commercial officer at Bridgit. “They bring a high level of expertise and a local network that is growing right across Australia. “Their brokers are heavily embedded in their community, with strong local knowledge, supporting Australians across the country.
“We look forward to working closely with YBR’s network and their clients, providing access to bridging finance at a time when this solution is more popular and important than ever.”
Recent trends show national auction clearance rates exceeding 70%, while the Reserve Bank of Australia has implemented two rate reductions in recent months. These developments have contributed to increased purchasing capacity and greater confidence among sellers. As a result, more homeowners are seeking bridging finance to facilitate timely property transactions and take advantage of current market conditions.
Peter Bryant (pictured top right), head of Yellow Brick Road Aggregation, said the partnership with Bridgit is “a perfect fit.”
“Like us, they are committed to empowering Australians to achieve their property goals with accessible and efficient solutions,” said Peter Bryant, head of Yellow Brick Road Aggregation. “This new offering gives our brokers another powerful tool to help clients navigate a competitive market, ensuring they have the flexibility and confidence to secure their next dream home.”
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