Advance on sale: access funds without waiting for your property to sell
Your property is on the market, or the preliminary agreement is signed, but the money will only arrive at completion? Your project doesn't have to wait: the property can secure a loan now, repaid from the sale price on completion day.
A personal reply from an adviser
- Funds before completion
- Repaid from the price, on sale
- Unencumbered property, or loan bought out
You are selling a property, but the money will only arrive when the deed is signed. Your project, however, can't wait. The property can secure a loan now: you have the funds sooner, and the loan is repaid from the sale price.
Hyppo is a broker: it does not lend. It finds the structure that suits your sale and compares offers from more than 65 partner banks.
For which projects?
Buy your next home without waiting for completion.
Settle an expense that can't wait: equalisation payment, inheritance tax, tax debt.
Finance works or help a child buy.
Wait for the right buyer, without lowering the price.
As a guide: a residential property worth at least €300,000, unencumbered or with its remaining loan bought out by the new loan, and financing from €100,000. Proof of the intended use of funds is required.
Examples of advances on sale
Buy before completion
The preliminary agreement is signed and completion is scheduled in a few months. You already finance your next home, and the loan is repaid on sale.
Pay an equalisation payment
You buy out a brother's or sister's share while another property is on the market: that property secures the loan, and its price repays it.
Sell without cutting the price
Selling a family home is taking time? The advance lets you wait for the right buyer rather than lowering the price.
What Hyppo does for you
- 01
You know what your property can secure: up to 80% of its value, depending on your file.
- 02
The structure that suits you: interest-only, repaid on sale, or amortising.
- 03
Several offers compared for you, with no investment or account transfer required in return.
- 04
A single point of contact through to signing at the notary's and release of funds.
How it works
You check your eligibility online in 5 minutes.
You send the sale mandate or preliminary agreement, the title deed and your income details.
The property is valued, and you receive the loan offer.
You sign at the notary's and receive the funds. On sale, the notary repays the loan from the price.
Why go through Hyppo for your advance on sale?
Several offers compared
Hyppo compares several offers for you, rather than leaving you waiting for just one.
Fees after the funds
Hyppo's fees, from 1% to 6% of the amount financed, are due only after the funds are released.
Your savings stay where they are
No investment or transfer of your income is required in return.
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.
How is it different from a bridging loan?
A bridging loan finances the purchase of a new home before the old one is sold. An advance on sale works on the same principle: borrowing against the property you are selling and repaying on sale. But the funds can be used for another project, with proof of use.
Is it an advance-on-transfer loan (prêt avance mutation)?
No. The prêt avance mutation, provided for in article L315-2 of the French Consumer Code, finances only renovation works, and its capital is due only on sale or death. It is not one of the solutions Hyppo offers. An advance on sale is a mortgage-backed loan, usually interest-only, repaid when the property is sold.
What happens if the sale falls through?
The loan remains due. The capital is payable on the agreed date, even if the property has not sold. The lender may agree to an extension but is not obliged to. So set a realistic sale price and a loan term that leaves time to sell.
How much does Hyppo's support cost?
Hyppo's fees range from 1% to 6% of the amount financed and are due only after the funds are released. Arrangement fees and the property valuation remain at your expense. As a guide, rates start from 4%.
