Bridging Loan for Property in France
If you have found the perfect property in France to relocate to or as a holiday home, you will likely want to move quickly to secure it before someone else beats you to it. In this case, a bridging loan could be exactly what you need.
A bridging loan is a type of short term finance which can be quickly accessed, giving you the funds to buy your dream property in France without having to wait for your UK home to sell or to arrange a French mortgage.
Bridging loans can usually be taken out over up to 18 months, although longer loan terms may also be possible depending on the circumstances.
Benefits of using a bridging loan to purchase property in France
There are several reasons why it can be a good idea to use a bridging loan to buy property in France:
- Fast to arrange (can often be achieved in a matter of days)
- Borrow from £50,000 to £15million
- Flexible repayment terms
- Gives you time to sell your UK home or secure a French mortgage
How to get a bridging loan for property in France
If you need a bridging loan to purchase property in France, it will likely need to be secured against a UK property. Bridging loans can usually only be accessed through loan brokers, so you will need to contact a broker in order to make an application.
Find a bridging loan for property in France
Our free bridging loan calculator gives you a fast, fuss-free way to find bridging finance for buying property abroad. All you need to do is share some basic details about your borrowing needs and your financial situation and we will do the rest for you. Try it out now to find a great deal on a bridging loan.
Need a bridging loan for property in France? Get in touch with our friendly expert team of loan brokers using the contact form on the right or by calling 0117 313 6058.