Can I Buy Another House Before I Sell Mine
Best Mortgage & Bridging Loan Rates
Can I Buy Another House Before I Sell Mine
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- Lloyds Bank
- 4.07% Initial
- 5 year fixed
- 6.6% APRC
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Cashback Max £250Free LegalsFree Valuation
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- 4.10% Initial
- 5 year fixed
- 6% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.14% Initial
- 5 year fixed
- 6.3% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.17% Initial
- 5 year fixed
- 6.4% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.17% Initial
- 2 year fixed
- 6.7% APRC
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Cashback £0Free LegalsFree Valuation
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- Halifax
- 4.18% Initial
- 5 year fixed
- 6.7% APRC
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Cashback Max £250Free LegalsFree Valuation
- Get quotes
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- Halifax
- 4.18% Initial
- 5 year fixed
- 6.7% APRC
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Cashback Max £250Free LegalsFree Valuation
- Get quotes
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- 4.19% Initial
- 5 year fixed
- 6% APRC
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Cashback Max £1,250Free LegalsFree Valuation
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- 4.19% Initial
- 2 year fixed
- 8% APRC
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Cashback £0Free LegalsFree Valuation
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- 4.20% Initial
- 5 year fixed
- 6% APRC
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Cashback £0Free LegalsFree Valuation
- Get quotes
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Can I Buy Another House Before I Sell Mine
Is it possible to buy another house before I sell mine?
Yes, but it will depend on a number of factors, including:
- Property's value and any outstanding debt The cost of the property you wish to buy Whether your existing property and the new property you wish to buy are of standard construction The location of both your house and the new one Your age
- When you are up against a deadline, you can benefit from a bridging loan to help you buy a property.
Selling your home before you buy
- It is ideal to sell your current house before making an offer on a new one. It is likely that the seller you wish to buy from will give preference to someone with readily available cash (and/or a pre-approved mortgage) over someone who is unable to proceed.
- Realistically, when you find your dream home, you have yet to sell your current home. When you are competing for the same property, you don't have the time to sell your house.
Your New Home Can Be Secured With Bridging Finance
How do you make sure you get your new home when you haven't sold your current home? Bridging finance is a solution.
Bridging finance: what is it?
The purpose of bridging finance is to provide a temporary cash flow solution or 'bridge' until additional permanent financing becomes available. When funds are needed quickly, this type of financing is ideal.
Bridging loans are usually easy to obtain.
As with a mortgage, bridging loans are secured against real estate or assets, with a typical loan-to-value ratio of 70%, however up to 100% is possible if other assets are leveraged in the background.
Usually bridging finance can be arranged in 10 to 14 days, but in some cases it can be arranged even sooner if funds are needed immediately.
Alternatively, you can complete our callback form or call our team today at 0117 313 6058 to learn more about how a bridging loan could work for you.
Bridging Loans Between House Sales & Purchases
We offer the following special features:
- Bridging finance - from £25,000 to £10 million
- Quick finance - Covers short-term liabilities such as auction property purchases, tax bills and other short-term obligations.
- Term - From 1 month to 3 years
- Interest rate roll up schemes
- Lowest rates - Access to leading bridging loan offers.
- Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
To investigate your bridging finance options call our broker team or fill in our call back form - speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464