Can I Sell a House with an Existing Loan?

Yes. The loan is usually repaid from the purchase price. The notary ensures that the land charge is cancelled.

How High is the Early Repayment Penalty?

It depends on the remaining debt, interest rate, remaining term, and current interest rate level. After ten years from disbursement, there is a statutory right of termination without compensation.

How Long Can I Continue to Live There After the Sale?

This is freely agreed upon in the purchase contract. A later handover date is negotiable with many buyers.

Selling a Financed House and Buying a New One

Anyone who wants to buy a new property before the old one is sold faces a financing and timing question. With the right sequence and early coordination with the bank, the transition can be managed securely.

Sell First or Buy First?

Those who sell first know their proceeds and buy without a double burden, but may need a temporary housing solution. Those who buy first secure the new property, but temporarily bear two financings. An agreement on a later move-out date in the purchase contract can combine both approaches.

Repaying an Existing Loan

In the event of early repayment of a loan with a fixed interest rate, the bank usually demands an early repayment penalty. Alternatively, the land charge (Grundschuld) can, under certain circumstances, be transferred to the new property. Ask your bank about the options early on.

Bridging Finance

Bridging finance bridges the time until the sales proceeds are received. It is usually more expensive than a normal loan and should therefore run for as short a time as possible. A realistic selling price and a quick sale reduce the costs.

How We Support You

We determine the realistic selling price as a basis for your bank discussions, plan the timeframe, and coordinate the handover date and purchase price payment with your new purchase.