Housing Bridging Loans Short-Term Finance When Timing Matters
Buy your next property before your current home is sold
Whether you are trading down, buying at auction, or renovating an investment property, bridging finance can provide the flexibility to move quickly when the right opportunity comes along.
70%Maximum loan-to-value
12–18Month maximum term
€100,000Minimum loan size
€1.5mMaximum loan size
BENEFITS SUMMARY
Benefits of a Housing Bridging Loan
Buying a new home before selling your current property
Trading down to a smaller or less expensive home
Purchasing investment properties for renovation
Securing a property at auction
Funding buy-to-let renovation projects
Creating short-term breathing room while arranging sale proceeds
Moving quickly when standard mortgage timelines may not suit
*As these loans are short term, usually 12 to 18 months, the overall cost may be higher than a traditional mortgage.
What Is a Housing Bridging Loan?
Short-Term Finance for Your Next Move
A Housing Bridging Loan is short-term finance that may help you buy a new property before selling your existing home. It may also support investors purchasing property for renovation, resale, rental, or auction opportunities where timing is critical.
Bridging Loan Uses
There are several approved reasons to use bridging finance:
Moving Before You Sell
You may need to move into a new property before your current home is sold.
Renovation Projects
You may be an investor purchasing a property that needs renovation before it can be rented or resold.
Buying at Auction
You may also be buying at auctions where funds are required within a short timeframe.
A bridging loan is designed to provide short-term funding while you complete your next step, such as selling your current home, refinancing, or completing renovation works.
Option 1: Individual Trading Down
This option may suit borrowers who want to sell their current home and move to a smaller or less expensive property. It may also be possible to use this option when trading up, but this should be discussed with your broker or lending manager.
Borrow up to 70% loan-to-value of your current home
Up to 4 applicants on each mortgage
No minimum term
Maximum term of 12 to 18 months
Minimum loan size of €100,000
Maximum loan size of €1.5 million
Minimum property value of €145,000
No maximum property value
No additional penalty for partial or full repayment before the expiry of the term
Loan-to-value means the percentage of the property value compared with the loan amount being sought.
Interest Options
Interest Options Available
Two interest options are available, depending on the term of your bridging loan.
1
Accumulated Interest
Available for terms of up to 12 months.
With accumulated interest, the interest adds up each month until the loan is cleared. This amount is added to your loan balance and must be repaid in full when you sell your current property or clear the loan.
2
Interest Only
Available for terms of up to 18 months.
With interest-only repayments, you pay the interest each month. The original amount borrowed remains outstanding and is usually cleared when your current property is sold.
Applicant Criteria
Bridging finance is subject to lending criteria, terms and conditions.
Minimum Applicant Age
21 years.
Maximum Age at Maturity
75 years.
Minimum Annual Income
€40,000.
Combined Income
Income can be combined for single or joint applications.
Up to 4 Applicants
Up to 4 applicants may be included on each mortgage.
Property Location Criteria
Bridging finance is available for properties in:
DUBLIN
CORK
KILDARE
LIMERICK
WICKLOW
DUNDALK
MEATH
DROGHEDA
GALWAY
WATERFORD CITY
OTHER URBAN CENTRES
And other urban centres with a population of more than 5,000 people.
Option 2: Buy-to-Let Renovation & Auction Finance
This option may suit experienced landlords, investors, individuals, or companies purchasing property for renovation, resale, rental, or auction purposes. It may be particularly useful where funds are needed quickly or where the property requires improvement before long-term finance is arranged.
Borrow up to 70% loan-to-value of the property being purchased
Up to 4 applicants on each mortgage
No minimum term
Maximum term of 12 to 18 months
Available to individuals
Available to companies through a Special Purpose Vehicle
Available to professional landlords owning at least 2 investment properties
No additional penalty for partial or full repayment before the expiry of the term
A Special Purpose Vehicle, or SPV, is a limited company set up for the sole purpose of purchasing and holding property for investment.
Loan Amounts & Exposure Limits
For Buy-to-Let renovation and auction finance:
An individual or company may be able to borrow up to €4 million where the weighted average LTV for all loans is below 70%.
Minimum loan size€100,000
Maximum loan size€1.5 million
Maximum exposure€7 million
Borrowing between €4 million and €7 million may be capped at 60% LTV.
THESE LIMITS ARE SUBJECT TO LENDER ASSESSMENT AND APPROVAL
MORE HELPFUL GUIDES & ADVICE
Guides for Bridging Loans
CLIENT TESTIMONIALS
What Our Clients Say
Ready to Explore Your Options?
Money Maximising Advisors Ltd is regulated by the Central Bank of Ireland. C154250.
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.
Warning: The cost of your monthly repayments may increase.
Warning: You may have to pay charges if you pay off a fixed-rate loan early.