You don't need to rush the sale. You can wait until you're happy with the sale price of your property, without having to rush to sell because you're maintaining two mortgages.

It could reduce stress levels. If you buy before you sell, and selling your property ends up taking longer than expected, this can be stressful financially and emotionally.

Vendors love cash offers. Being able to make an offer on a property without conditions around selling your old home could make your offer more attractive to vendors.

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Rising property prices. There's a chance that property prices will go up between the time you sell and buy, which could mean that you end up spending more on buying your new home than anticipated.

Potential rental costs. You may need to pay for rent until you've bought a new home, as well as the hassle of moving twice within a relatively short period of time.

Timing may not be on your side. If you have agreed to a short settlement, you will need to find your next home swiftly, that may result in not being the home you were after or the area you wanted to move to.

Nothing on the market now that interests you. You may find yourself in a position where the properties you were previously interested in before you signed a contract on your property have now all sold.

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Get more from the sale, and the purchase. In a market with rising house prices, the earlier you buy, the more you may get for your money. You may then also make more from your house sale later on.

You select the perfect property you have always wanted. You choose the appropriate time and the perfect home. You're not forced to buy a property that you are not completely happy with.

Avoid renting and multiple moves. Avoid having to move into a rental or temporary accommodation while you search for a new property.

Take advantage of your equity. If you've built up significant usable equity (the portion you have paid for) in your current home, you could use it to secure finance on your new purchase.

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You'll need equity. You'll likely need to have a significant amount of equity in your existing home. Lending facilities recommend 50% to get a bridging loan or fund another loan.

Managing more than one loan. Servicing two mortgages, or managing your existing home loan and a bridging loan, can be a big financial pressure. Make sure to do your calculations upfront.

You may need a deposit. If you need to borrow 80% or more of the security value of the property you're buying, you'll need a 5-10% cash deposit for your new property purchase.

Added pressure to sell. The pressure is on for you to make sure your first home sells in good time. This could mean accepting an offer at a lower price than you intended.

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