Bridging loan
- You repay the loan from the proceeds when you sell your home
- The rate of interest remains the same throughout the term of the loan
- You can repay all or part of the loan at any time
Why go for a bridging loan?
If you're looking to buy a new house or apartment but haven't yet sold your present home, you can 'bridge' the period between purchasing your new home and selling your previous one by taking out this loan. When you sell your home, you use the proceeds to repay the principal and interest all at once.
Early repayment at any time
The maximum term of a bridging loan is 12 months. However, you can repay all or part of the loan at any time, in which case you pay less interest. If you repay the loan early because your old home has been sold, you don't have to pay a reinvestment fee.
What a bridging loan will cost you
Make an appointment with KBC Live for an interest rate tailored to your needs.
What costs are involved?
- Legal fees
- Charges for drawing up the security deed
- Fees payable to KBC
- One-off loan origination fee
Valuing your current home
In certain cases, KBC will accept an external valuation of the property, as long as it is performed by an accredited valuer accepted by KBC.
For properties with a purchase price of less than 1 million euros, we accept estimates from valuers appearing on one of the following lists:
- Table of land surveyors drawn up by the Belgian Federal Public Service for the Economy
- List of accredited valuers drawn up by the Flemish tax office (VLABEL) (in Dutch)
- RICS-accredited valuers
- TEGoVA-accredited valuers (in French)
For properties with a purchase price of 1 million euros or more, it’s best to contact our Home Expert to find out which valuations we accept. Be sure to speak with our Home Expert to see whether an external valuation is required.
Good to know
If you’re wondering how much your home is worth, get a free valuation with Immoscoop. This will give you a clear idea of what it’s worth and allow you to make an informed decision when selling.
If you provide a few details, Immoscoop can select the right experts to visit you in no time. These real estate agents are familiar with your region and have experience with similar properties.
Note that this estimate does not count as an outside estimate to determine the value of your home. Thus, you cannot use the estimate to apply for a bridge loan.
