Buy without a mortgage condition, with your financing arranged before the offer
Against other buyers, an offer without a mortgage condition reassures the seller. You still need the funds. A property you already own can secure them: you arrange the financing before you even make your offer.
A personal reply from an adviser
- A stronger offer to the seller
- A property you already own as security
- Competitive markets and auctions
When you buy with a loan, the preliminary sale agreement includes a condition precedent of obtaining the loan. It protects you, but it makes the seller wait. Without it, your offer carries more weight.
The key: arrange the financing before signing. A property you already own serves as security, and you know the answer before committing to the seller.
Who is it for?
You are competing with other buyers in a city where properties sell fast.
You are buying at auction, where purchases are made without a mortgage condition.
You are investing and want to secure a building or commercial unit before others.
You already own an unencumbered residential or commercial property.
As a guide: a property worth at least €300,000 as security if residential, unencumbered or with its remaining loan bought out by the new loan, and financing from €100,000.
Examples of purchases without a mortgage condition
Make the best offer
In a city where properties sell fast, your offer without a mortgage condition reassures the seller against competing offers.
Bid with funds ready
At auction, no mortgage condition protects you: you arrive with your financing arranged before the sale.
Secure a building to renovate
You spot a building before others. Your unencumbered flat secures the loan that funds the purchase.
What Hyppo does for you
- 01
You know what your property can secure: up to 80% of its value, depending on your file.
- 02
Financing sought before your offer: you have the answer before committing.
- 03
The structure that suits you: amortising or interest-only.
- 04
A single point of contact, from file review to release of funds.
How it works
You check your eligibility online in 5 minutes, as soon as you start your search.
You have the property offered as security, your income and the intended use of funds reviewed.
You receive the loan offer, sign at the notary's and have the funds available.
You make your offer, or bid, without a mortgage condition.
Why go through Hyppo before your offer?
Financing first
Your file is reviewed upfront: you know the answer before committing to the seller.
Several offers compared
Hyppo compares several offers for you, rather than leaving you waiting for just one.
A loan suited to your project
Amortising or interest-only, depending on whether you keep the property used as security or plan to sell it.
A registered broker
Hyppo (REFI Technologies) is registered with ORIAS under number 23005573 as an intermediary in banking operations and payment services.
Frequently asked questions
Another question about your situation? A Hyppo adviser will answer.
What does French law say about the mortgage condition?
When an individual buys a home with a loan, the preliminary agreement is made subject to obtaining that loan, for at least one month (article L313-41 of the French Consumer Code). If the deed states that the price is paid without a loan, the buyer writes by hand that they are aware of this: if they borrow anyway, they cannot rely on this protection (article L313-42).
What are the risks of waiving the mortgage condition?
If the financing falls through, you can no longer withdraw without cost. You risk losing the deposit paid on signing the preliminary agreement, or even owing the seller damages. Hence the value of having the loan offer, or the funds, before signing.
Which property can be used as security?
A property you already own: primary residence, second home, rental property, commercial unit or offices. A residential property must be worth at least €300,000. Land is accepted only as additional security.
Does Hyppo guarantee the loan will be granted?
No. Hyppo is a broker: it does not lend and does not decide. It reviews your file and presents it to its partner banks, which decide based on your file. That is why the process happens before the purchase offer, not after.
