Bridge loan
Buy your next home without waiting to sell the current one.
We finance the gap between buying and selling: you get the money for the new home and repay it when you sell the one you already have. For residents and non-residents on the Costa del Sol, with a reply in 24 hours.
Common use
Buy before selling
Collateral
Your current home, the new one or both
First review
Two properties, value and timelines
Feasibility dossier
Before committing money, we get the operation in order.
The home you are selling
The home you are buying
Selling timeframe
Financial fit
The gap
You have found a home, but you have not sold yours yet.
Why it exists
The right home does not wait for you to sell yours.
If you wait to sell you lose the home you want; if you sell in a hurry, you sell cheap. A bridge finances the gap between the two deals: we compare banks and private capital and explain what fits, on what security and over what term, before you decide.
01
The two homes: value, charges and expected selling timeframe.
02
The bridge: amount, term and exit through the sale of your current home.
Common situations
When buying and selling do not fit the calendar.
Not every home move needs the same thing. Identify your situation before talking to us.
01
Buy before selling
Close the purchase of your new home without depending on when the current one sells.
02
Move home without rushing
Sell your home at its fair price, with time, instead of selling it cheaply to reach the signing.
03
Buy on the Costa del Sol as a non-resident
We finance the purchase while you sell your property here or in your home country.
04
Avoid a forced sale
Do not accept the first low offer just because you need the money for the new purchase.
The Primeteka process
The exit first. Then the bridge.
The goal is to confirm quickly whether the operation has potential: how much can be bridged, with what collateral and with a reasonable selling timeframe.
01
A map of the two homes
We review the one you are selling and the one you are buying: value, charges, timelines and how much you need to bridge.
02
Value and collateral
We appraise the properties involved and define the financeable percentage and the collateral.
03
Bridge structure
We define the amount, term, rate and the planned exit: the sale of your current home or the final mortgage.
04
Offer and signing
If it fits, we handle the proposal, appraisal and signing before a notary. You buy now; you repay when you sell.
Indicative conditions
What we look at before saying yes.
The final figures depend on the valuation of both homes, the charges, the expected selling timeframe and the risk analysis. This table is indicative.
Purpose
Buy the new home before selling the current one; cover the gap and the costs of the move.
Collateral
Your current home, the new one or both, depending on the structure of the operation.
Amount
To be determined by the appraisal of the properties and the financeable percentage.
Profile
Residents and non-residents with verifiable documentation and repayment capacity.
Term
A bridge period while it sells; exit through the sale or a final mortgage.
Notice
Service subject to review, valuation, risk approval and legal check of the operation.
Documentation
What speeds up the review.
- ID card, NIE or passport of the applicant or parties involved.
- Land Registry extract and property tax (IBI) receipt of the home you are selling and, if any, the one you are buying.
- Approximate valuation of both homes and detail of any outstanding charges.
- Deposit contract or reservation of the new home and the expected selling timeframe of the current one.
Pre-assessment
Tell us about both operations.
With the details of the home you are selling, the one you are buying and the timelines, we can give you a first feasibility estimate within 24 hours.
Phone: +34 677 51 91 76
Email: info@primeteka.com
Hours: Mon-Fri 9:00-18:00
Frequently asked questions
Common doubts about the bridge loan.
What is a bridge loan and how does it work?
It is financing that lets you buy your new home before selling the current one. You get the money for the purchase and repay the bridge when you sell the previous home, or when it converts into a final mortgage. It is structured using both properties as a reference: the one you are selling and the one you are buying.
Which banks offer a bridge loan?
Several banks offer it, with very different conditions and requirements. As an independent broker, we compare banks and private capital to find the fit that suits you best, including non-resident profiles or cases a particular bank would reject.
How much can I finance with a bridge loan?
Up to a percentage of the combined value of the properties involved. The final amount depends on the appraisal, existing charges and the expected selling timeframe; we confirm it after the study.
What happens if I do not sell my home in time?
The operation is designed with a defined bridge period and a planned exit from the start. If the sale takes longer, we study options such as extending the term, converting the bridge into a final mortgage or refinancing. That is why we plan the exit before signing.
Can I apply as a non-resident?
Yes. Primeteka specialises in non-residents on the Costa del Sol: we finance the purchase while you sell your property here or in your home country, with verifiable documentation.
How long does it take?
The pre-assessment takes 24 hours. Once we have the complete documentation, signing takes around 5 weeks on average.
What makes a bridge loan viable?
A clear exit: the real value of the home you are selling, how sellable it is and a reasonable sale timeframe. If your current home can sell well, the bridge is a safe tool; if not, we will tell you before you start.
Buy your new home now. Sell yours calmly.
No obligation. We tell you what documentation we need and whether the operation has potential.