Bridging Loan for Property in Spain
Bridging loans are a popular choice for buying property in Spain. They allow you to secure a loan against a UK property to use for a property purchase in Spain. This can make things a lot simpler than trying to get a local mortgage in Spain or having to sell your UK property first before you can afford to buy in Spain.
Bridging loans are a form of short-term finance that can usually be accessed quickly, often in just days. This is ideal for buying property in Spain, as you usually have to put down a sizeable deposit to secure a property and complete within a time limit or risk losing the deposit.
Repaying a bridging loan for property in Spain
Bridging loans are intended as a temporary funding solution. Most people who use a bridging loan for property in Spain will ultimately repay it by selling their UK property or getting a Spanish mortgage.
How to get a bridging loan for a property in Spain secured against UK property
To get a bridging loan secured against a UK property to purchase property in Spain, you will normally need to use a UK-based, FCA regulated loan broker.
Bridging finance is normally only available through loan brokers. Spanish brokers will not normally be able to arrange a regulated bridging loan secured on a UK property because they are not FCA regulated.
Find the best interest rates on a bridging loan for property in Spain
Our free bridging loan calculator makes it quick and straightforward to find the best value bridging loan for property in Spain. All you have to do is share some basic information about your borrowing requirements and financial situation and we will find you the best deals currently available.
Need a bridging loan for property in Spain? Get in touch with our friendly expert team of loan brokers using the contact form on the right or by calling 0117 313 6058.