Skip to the content ↷ Menu 0116 464 5544 Contact details Bridging Loan Calculator Use the bridging loan calculator to provide the detail needed to allow us to get the best rate. You will be provided an indication of the expected rates which start from 0.43% and the repayment costs. We provide fully FCA Regulated 667602. Select Type Standard Refurb 2nd Charge Required term 1 Month 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months 12 Months 13 Months 14 Months 15 Months 16 Months 17 Months 18 Months 19 Months 20 Months 21 Months 22 Months 23 Months 24 Months Number of Security Properties * 1 Property 2 Properties 3 Properties 4 Properties 5 Properties Valuation of Security Property 1 * £ Total Valuation £ Net/actual loan amount required * £ Broker fee £ Total initial loan £ Lender fee (standard is 2%) £ Assessment fee (standard is £295) £ Telegraphic transfer (standard is £35) £ Total Loan £ Any remaining current borrowing (for second charges only) £ See our privacy policy for more details. Low Rates 0.43% The table below provides examples of what the bridging loan repayments would be on an example loan amount of £100,000 which is a popular amount for bridging finance. Alternatively use the calculator above for a rough calculation of your loan. For an accurate quotation with a breakdown of costs please speak to one of our experienced advisors Interest Rate Monthly Interest 0.43% £430 0.70% £700 0.75% £750 0.85% £850 0.95% £950 1.00% £1,000 1.05% £1,050 1.10% £1,100 1.20% £1,200 1.25% £1,250 1.50% £1,500 The reasons for bridging finance have increased over recent years. Traditionally bridging loans were used to bridge the gap between purchasing a property before the sale of an existing property. This is still the main purpose, however, there are now a number of reason as to why short term finance is beneficial. Lenders often have minimum terms of one month but some bridging loans can be used for as little as one day, enabling you to complete the simultaneous purchase and sale of properties over a period of a few days. Bridging loan rates are mainly based on the loan to value. The rates differ with all lenders. Our experienced brokers will help you to find the lowest cost option based on the security on offer, the loan amount required, whether the loan is a first or second charge etc. What is a bridging loan? A Bridging Loan could be described as relatively short term “interest only” loans, usually setup for a maximum term of 12 months in length and normally do not require monthly payments. There are no exit penalties if repaid within the agreed term. Interest rates are normally only liable for the amount of time that the loan is used. When a loan is arranged for 12 months but repaid after 3 months and 6 days, interest is usually charged and repaid on the loan for the 3 month and 6 day period and not for the full 12 months. The reason that applicants are refused traditional finance or where traditional finance is not suitable are varied and the most common bridging loan examples would be: because the applicant is older than the new acceptable age limits for mortgages the applicant may be asset rich but cash poor i.e. not enough income proof to pass the required affordability calculations needed to obtain a mortgage the applicant may have poor credit which is not acceptable for mortgage finance the property may be classed as not standard security for a mortgage i.e. the property could be without a kitchen or bathroom or generally in need of much modernisation making it not habitable. In which case an incomplete property loan is the ideal choice for you. the seller may only accept offers from buyers who are chain free such as cash buyers or buyers with bridging finance the finance could be required for a development opportunity it may be that the finance is needed for additional borrowing such as a 2nd charge the funds may be needed urgently or for a specific requirement which are not allowable in the world of mortgage finance, such as borrowing for an urgent business need the money may be just for a flexible or short term requirement the borrower wants minimal fuss the borrower wants to purchase a new property but the deposit is not yet liquid and tied up in another property yet to be sold Who would qualify? clients who can or cannot prove income clients with an excellent or impaired credit rating clients who are employed, self-employed or not employed companies or individuals anyone with equity in their property or an available cash deposit LET US BEAT YOUR QUOTE Data Protection - ICO Registered ZA115985 The advice and processing of all financial products introduced via this website will be handled by UK Property Finance Ltd, which is authorised by The Financial Conduct Authority (FCA) no 667602. The FCA do not regulate all mortgages such as Buy to Let and Commercial. Think carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage on any other debt secured on it.