Bridging Loans

Bridging the Gap

You may wish to buy a new home and need the money to pay for it while your present home is being sold. Bridging loans are available to finance the purchase of your new property, pending the sale of your existing property. The bridging loan will then be repaid from the proceeds of your sale.

When to apply for a Bridging loan ?

This type of loan is given to finance the purchase of a property where a preliminary agreement for the sale of your existing property has been signed/in the process to be signed, but deed of sale will not be published until after the purchase of the new property. The loan will be repaid from the net sale proceeds of your existing property. The term of this loan should not normally exceed 18 months.

How much will we lend you ?

• The amount you may borrow will be determined by your individual circumstances.
• In general you can borrow up to 100% of the purchase price.
• You may also have a long term loan attached to the Bridging loan.
  
  

A home loan decision in 48 hours!

We guarantee a decision by the next working day subject to you submitting all the documentation required.  This is our promise.  At HSBC we pride ourselves with the speed and quality of service and we pledge to pay €120 if we don't get back to you within 48 hours.

Variable Interest Rate

2 % over the Home Loans Base Rate during the first year.* An effective rate of 5.75 % per annum.**

• Typical APR for a Home Loan of €120,000 over a period of 18 months is 6.4%p.a..
  
• In order to obtain the APR for a particular amount of Home Loan of up to €186,349.87 at a specific term of repayment or the latest value of the base rate, please call Customer Service on 2380 2380 or visit the nearest HSBC branch.
  
• Please also note that the interest rate will be for the whole period of the loan even if period is e.g. 18 or 24 months.
  
  *As at 13 October 2008, the Home Loans Base Rate was 3.75 %.
  ** Offers may apply from time to time
  

Get a Quote Now!

You may access our Home Loan Calculator which will provide you with information such as the loan amount you may apply for, the interest rate, APR and monthly repayment. All this based on simple information you will be requested to provide.

Through this screen you also have to option to contact HSBC Home Loans via email.

Click here to access the Home Loan calculator webpage

What do I do next?

Simple.  If you need further information on how you may avail yourself of a Bridging Loan you may:

• call at the nearest HSBC Bank Malta p.l.c. branch
• call our Customer Service on 2380 2380
• send us an e-mail