MORTGAGE TYPES
It works by using the equity in your current home to support the purchase, giving you the ability to secure your next property without needing to wait for your sale to be completed.
This type of lending is typically structured on a short-term, interest-only basis, with the expectation that the loan will be repaid once your existing property is sold. The interest rate is usually aligned with a standard variable (floating) rate.
Tide over finance can be a powerful tool to ensure you don’t miss out on a desired property, particularly in competitive markets. However, it’s important to have a clear plan and realistic expectations around your sale timeframe.
When structured correctly, it provides a smooth transition between homes and removes the pressure of having to align both transactions perfectly.
Secure your dream property without waiting to sell your current home first.
Take the pressure off — sell your current home on your terms, not under urgency.
The interest rate is usually the same as a standard variable loan — no premium.
You’ll be servicing two properties temporarily, so it’s important to ensure you can manage the repayments.
Tideover finance is typically a short-term solution until your current property is sold.
At Caldwell Mortgage Advisers, we:
We review your finances to ensure you can manage both properties during the transition.
We work with lenders to structure the tideover facility for your situation.
We guide you through the process from purchase to sale so everything runs seamlessly.
Need to buy before you sell? Get started today.
