New Year, New Goals – Swifthome helps you make them happen!

Selling your current property to finance your new home

When a homeowner wants to purchase a new property, the first step is usually consulting with their bank advisor to assess their current mortgage situation and determine whether a bridging loan can be granted. The bank will evaluate this request similarly to a traditional loan and require a minimum down payment of 20% of the purchase price of the new property. The processing time for such a request is around 45 days. Moreover, a bridging loan is short-term (12 to 24 months) and conditional on the sale of your current property within the given timeframe. To be approved, the homeowner must also demonstrate stable income and sufficient savings capacity to afford a second property.

Swifthome vs. the bridging loan

When a homeowner wants to purchase a new property, the first step is usually consulting with their bank advisor to assess their current mortgage situation and determine whether a bridging loan can be granted. The bank will evaluate this request similarly to a traditional loan and require a minimum down payment of 20% of the purchase price of the new property. The processing time for such a request is around 45 days. Moreover, a bridging loan is short-term (12 to 24 months) and conditional on the sale of your current property within the given timeframe. To be approved, the homeowner must also demonstrate stable income and sufficient savings capacity to afford a second property.

1. Fill out the online estimate form,
2. Receive a visit from one of our experts to evaluate your property,
3. Get a firm offer valid for 7 days, and
4. Finalize the sale at the notary’s office.

You can choose between a direct sale (with keys handed over the same day) or a deferred sale if you'd like to remain in your current home for a while. In that case, you’ll receive an initial 20% deposit, which allows you to secure your new property. Once you're ready to move out and hand over the keys, the remaining balance will be paid to you.

This is how Swifthome offers a simple and fast solution that gives you the funds you need to reserve your future property – while giving you the time to plan your move with peace of mind.