Send us a query and we’ll rapidly estimate a bridge financing to you

What’s a connection loan or advanced investment? Your usually need a connection financing when you purchase a different sort of home before you possess offered the outdated you to definitely. It is capital you really have saved up of your property, but have not yet know.

Most people like to buy the dream family just before he’s managed to offer its most recent household, anybody else is almost certainly not capable offer the home as easily because they got imagine. Thus, you are kept which have a couple of house to own a brief period. After that we are able to assist you with a so-entitled bridge financing (intermediate financing), that’s and additionally one loan toward present housing. The latest connection financing was payment-100 % free, so that the monetary burden doesn’t become too heavy. Typically the most popular is that you get a link financing more 6 months, the place you pay only notice on this subject mortgage. When you yourself have perhaps not managed to offer your most recent assets inside half a year, new link loan can be stretched.

• When you wish to buy another domestic one which just sell usually the one you reside now
• If you have marketed property and are generally planning to buy a special house, but i have not even acquired money into house offered. Some people like to feel the handover out-of a classic family well in advance so they really have plenty of time to see a unique house.

Our functions are totally free for your requirements since the a consumer, because the audience is paid from the financial institutions we work at. The deal or also offers we give youre low-joining.

Private realize-right up is paramount keyword with our company. You get a permanent mentor who sees all your financial image, in order for we could advise you into the transform you should know to have the low possible prices on the fund.

As the 1993, i’ve assisted a large number of customers find the right financial and you may mortgage product, without equivalent organization inside Norway enjoys the set of partners inside capital.

How long are you willing to own a couple land?

The brand new link mortgage typically has a phrase as much as half dozen months with the chances of a few months extension. Because of this you can very own two house for as much as approx. six months. After you or even the broker receive the settlement with the house you may have ended up selling, the new bridge loan are repaid to your lender. On the the newest typical financial, the bank gets security throughout the new house.

Having to stay having several property and two mortgage loans music essentially pricey. When the, for example, this new home is ordered getting five mil, and old you have that loan out-of about three mil, you’re in obligations regarding eight million in this phase. But the costs will not need to end up being as much as it could basic seem like, as you pay just attention to your link mortgage. In the event the loan towards an existing home features safeguards within this sixty%, it mortgage can be made rather than installments from inside the product sales several months.

The expense of the newest bridge financing will ergo maybe not overturn the stream, even although you provides a premier mortgage during this period. Its that which you sooner or later will sell your property to own, which includes many to state on savings on future.

Simply how much do you really borrow?

Valuation of a real home representative and/or real conversion process rate of the most recent residence is utilized given that a basis to have calculating how much cash you can purchase into the a link financing, up coming current mortgage loans and you can broker costs are deducted. Complete personal debt and you will defense need to after that getting lower than 85% of total property value each other homes.

When you have currently offered your residence, yet not given they out over the newest holder before you can control your new family, the bank normally assess around a hundred% of your property value the home/conversion speed. Thus you could obtain 100% of your minimal equity, with no newest loan and you can broker will cost you.

You are helped by us with the whole process

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For many who already own a property, we can help you guess the worth of which, and you can assist with information a talented real estate agent when you look at the your area. With the quickest you’ll instance operating, mount this new tax get back, latest pay slip, valuation, FINN password and any other relevant documentation.

We collaborate with many different banking institutions and credit organizations, and this keeps a lot of information about the options and you can items that occur. With her we remark the money you owe and get an optimum service for you.

Mortgage analogy:

A link mortgage regarding dos 500 000 mill. NOK that have eff. rente 4,85%, tend to over a period of half a year enjoys a repayment out of approx.: 56 772,- NOK . Total 2 556 772,- NOK