Bridging Loan For Spanish Property

Short-term Financing for Your Spanish Property

Looking to secure a bridging loan for Spanish property? At Worldwide Property Co, we help non-residents and international clients get short-term financing for purchasing property in Spain. Whether your goal is to acquire a holiday home, an investment property, or a permanent residence, our expertise ensures a smooth and efficient process.

Before we delve into the details it’s important to note that we can only arrange bridging loans for properties currently valued at €1.5m with a 50% LTV ratio, resulting in a minimum bridging loan amount of €750k. 

WHY CHOOSE A BRIDGING LOAN FOR SPANISH PROPERTY?

A bridging loan is perfect for quick access to funds. It helps bridge the gap between purchasing a new property and selling an existing one. Benefits include:

Fast Access to Funds

Get financing quickly, ensuring you don’t miss out on your dream Spanish property.

Flexibility

Loans tailored to meet your specific needs and financial situation.

Short-Term Solution

Ideal for interim financing until long-term arrangements are made.

How We Help You Secure a Bridging Loan

At Worldwide Property Co, we understand the unique challenges faced by non-residents. Our services include:

Expert Consultation

Our advisors assess your financial situation and provide personalised advice.

Tailored Solutions

We work with lenders specialising in bridging loans for Spanish property, ensuring the best terms and rates.

Legal Assistance

We provide access to legal experts who specialise in Spanish property transactions, ensuring all legal requirements are met.

Our Process

1. Initial Consultation: Contact us for a free, no-obligation consultation to discuss your needs and goals.

2. Financial Assessment: We evaluate your financial situation to find the best bridging loan options.

3. Property Valuation: We arrange a professional valuation of the Spanish property you intend to purchase or use as collateral.

4. Loan Application: Our team assists you in preparing and submitting all necessary documentation to the lender.

5. Approval and Funding: Once approved, we ensure prompt release of funds so you can proceed with your property purchase.

For more detailed information on the typical buying process in Spain, please refer to our guide for How To Buy Property in Spain.

Why Choose Us?

Expertise: Years of experience in the international mortgage market.

Personalised Service: Tailored solutions that meet your specific requirements.

Network of Lenders: Strong relationships with a wide range of lenders to secure the best possible terms.

Comprehensive Support: Support from initial consultation to loan approval and beyond.

Ready to secure your bridging loan for high value Spanish property? Contact us today to start the process. Our experts are here to answer your questions and guide you through every step.

Frequently Asked Questions (FAQs)

What is a bridging loan? A bridging loan is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one.

Can non-residents apply for a bridging loan in Spain? Yes, non-residents can apply for a bridging loan for Spanish property. Our team specializes in assisting international clients with this process.

How long does it take to get a bridging loan approved? Approval times can vary, but our efficient process aims to secure approval as quickly as possible, often within a few weeks.

What are the interest rates for bridging loans? Interest rates for bridging loans are typically higher than traditional mortgages due to their short-term nature. We work to find the best rates available for your situation.

What documentation is required for a bridging loan? Documentation requirements can vary but generally include proof of income, bank statements, identification, and details of the property you plan to purchase.