I currently have a loan for $300,000 left on it. We want to buy a new house now which is sale for $750,000, but will take a month at least to sell our current house which our valuation is currently $550,000.
How can we secure the new house now while we sell our old house?
I don't want to go down the road of 'bridging loans' or taking out 2 mortgages so wondering if anyone knows any other options that could be available within Australia?
We wouldn't quality for the 2 loans anyway, as the loans will only be in my name (partner bad/no credit so won't be included in any applications)