Bridging Loan Ireland — Buy Before You Sell | SOFIES
Purchase your new property before selling your current home. Bridging finance up to 80% of appraised value, from {rate}% APR, flexible terms up to 24 months. Regulated by the Central Bank of Ireland.
Seize the opportunity. Secure the right property.
A bridging loan from SOFIES enables you to purchase your new home before completing the sale of your existing property. No more missed opportunities in Ireland's competitive property market.
Repay in a single settlement upon sale of your current property. Optional monthly interest payments during the term. The flexibility to negotiate as a chain-free buyer with immediate purchasing power.
Loan terms and features
Loan Amount
Financing Up to 80%
Of the Appraised Market Value of Your Existing Property
Repayment Term
Flexible Term 12 to 24 Months
Average 18 Months with Extension Option Available
APR
From 2% Competitive Annual Percentage Rate*
Transparent Short-Term Fixed Rate with No Hidden Charges
Security
Property-Backed Security
First Legal Charge on Your Existing Property
Why choose this loan?
- No property chain : Purchase with confidence without waiting for your current home to sell in Ireland's market.
- Chain-free buyer : Negotiate without sale-contingent clauses. Stronger position, better price.
- Repay upon sale : No fixed monthly capital repayments. Settle when your property completes.
- Combinable : Pair with a standard mortgage for an optimal financing structure tailored to your needs.
- Stress-free transition : Manage your move at your own pace, free from imposed deadlines or pressure.
Eligibility criteria
Conditions on property to sell
- Legal owner with clear title for a minimum of 2 years
- Property vacant or with confirmed vacant possession date
- Recent independent valuation by a RICS or SCSI registered valuer
- Actively listed for sale with an appointed estate agent
Borrower conditions
- Regular and verifiable income
- Capacity to service two concurrent obligations temporarily
- Available funds for solicitor fees and stamp duty
- No adverse credit history or arrears on record
Required documentation
Property to sell
- Title deeds and Land Registry folio
- Independent professional property valuation
- Signed agency agreement with estate agent
- Building Energy Rating (BER) certificate and relevant surveys
Property to acquire
- Signed contract for sale
- Detailed financing plan
- Property particulars with technical specifications
- Schedule of all special conditions
Financial documentation
- 3 recent payslips and 2 years of tax returns (Form 11 or P60/Employment Detail Summary)
- Bank statements for the previous 6 months
- Statement of monthly financial commitments
- Complete statement of assets and liabilities
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
Important information
- *APR : Representative example: bridging loan of EUR 200,000 over 18 months at {rate}% APR. Total amount repayable EUR 212,700 at maturity (total cost of credit: EUR 12,700). Lending criteria, terms and conditions apply.
- Repayment : Capital repaid in full upon completion of your property sale. Optional monthly interest servicing available during the loan term.
- Security : A first legal charge over your existing property is required.
- Insurance : Adequate life assurance and property insurance are required as a condition of drawdown.
- Extension : Term extension may be considered where the sale is delayed, subject to reassessment and approval.
Do not let the right property slip away.
Complete Your Property Purchase with Confidence Using a SOFIES Bridging Loan
