Bridging Loan
This loan is used to bridge the financial gap between the sale and the purchase of two properties in France using a short and a long term mortgage.
Fact Sheet
- Minimum amount
- 50 000€
- Maximum amount
- No Maximum
- Duration
- 2 years
- Loan-to-value
- Up to 80%
- Interest Only available
- Yes
Advantages
- Possibility to wait and sell at the best price
- Term of the mortgage is up to 2 years
In the event of a mortgage request for the purchase of a second home on the 30/11/2011 for 250 000 Euros for a term of 24 months. Fixed rate , Total cost of the loan : 27 196,73 Euros, overall effective rate at 5,008 % per year (life insurance included, without notary costs). Gives monthly repayments for 24 months of 58,33 Euros.
Subject to approval, some restrictions apply