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Bridging Loan Calculator

Instant Results

Net Loan Required

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Interest Rate (per month)

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Lender Facility Fee (0.5%)

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CBILS Backed Bridging Loan Facility – All interest payments paid by the government

When a property purchase is being funded from the proceeds of the sale of another property, but the sale cannot be completed before or at the same time as the purchase, short term finance maybe required in order to bridge the gap so that the purchase can still proceed. The bridge is just until the sale has been completed, upon which the proceeds of the sale are used to repay the bridge. This is a very traditional use of bridging loans and quite often thought to be the only reason for using one. However there are many other uses!

Bridging loans are only intended as a short term finance option.

Their monthly rate of interest is high when compared to other methods of finance, so should not be used as a long term option. It is essential to have an exit strategy because at the end of the agreed term the bridging loan will need to be repaid.

Bridging Loan Calculator

So that our bridging loan calculator provides as accurate as possible illustrations of the likely costs involved in taking out and having a bridging loan, calculations are based on our most popular and commonly arranged loan plans.

Multiple properties can be used as security

How do I get approved for a bridging loan?

Multiple properties can be used as security

General

  • Loans from £100,000 to £10 million
  • Terms from 1 month to 18 months

Applicants

  • Loans from £100,000 to £10 million
  • Terms from 1 month to 18 months

Interest charges

So that our bridging loan calculator provides as accurate as possible illustrations of the likely costs involved in taking out and having a bridging loan, calculations are based on our most popular and commonly arranged loan plans.

Bridging Loan Fees and Costs

Lenders Arrangement Fees

For the vast majority of plans, lenders charge a 2% arrangement or facility fee, which is calculated on the net or gross loan amount. For most of our facilities this fee is calculated on the net loan amount, not the gross. We are also able to arrange reduced fees on the following basis:

Administration fee

For the vast majority of plans, lenders charge a 2% arrangement or facility fee, which is calculated on the net or gross loan amount. For most of our facilities this fee is calculated on the net loan amount, not the gross. We are also able to arrange reduced fees on the following basis:

Valuation fees

For the vast majority of plans, lenders charge a 2% arrangement or facility fee, which is calculated on the net or gross loan amount. For most of our facilities this fee is calculated on the net loan amount, not the gross. We are also able to arrange reduced fees on the following basis:

Redemption fee

For the vast majority of plans, lenders charge a 2% arrangement or facility fee, which is calculated on the net or gross loan amount. For most of our facilities this fee is calculated on the net loan amount, not the gross. We are also able to arrange reduced fees on the following basis:

Broker Fees and Exit Fees

We do not charge broker fees and there are no exit fees on any of these loan plans.

No obligation finance quotes

We do not charge broker fees and there are no exit fees on any of these loan plans.

How interest is calculated and added to the loan

Bridging lenders have different ways of calculating, charging and rebating interest. For the vast majority of facilities that we provide the following applies:

Interest is rolled up

  • Interest is charged monthly on the outstanding account balance.
  • Interest payments are not required, therefore the monthly interest charge is added to the account balance each month.

Clearing the loan early

  • Loans are usually set up with 12 month terms, and there are no early redemption charges.
  • The minimum loan term is just 1 month (30 days), meaning if you clear the loan within the first month, interest will be charged for the full month.

Other Popular Loan Plans

0.29% per month short term loan plan

  • Interest is charged monthly on the outstanding account balance.
  • Interest payments are not required, therefore the monthly interest charge is added to the account balance each month.

Please note this is not a typical bridging facility in that underwriting is more stringent and it takes longer to put in place. It is a good option if it fits your circumstances, enough time is available for it to be put it in place, and if the loan is likely to run over 12 months (the benefits of the reduced rate is outweighed by the increased facility fee if redeemed within 12 months).

Market leading rates available on bridging loans above £2 million

Specialist facilities available for loans ranging from £2 million to £1 billion.

Please contact us for further information.

How to use our bridging loan calculator

To use our bridging loan calculator select if you would like ‘Auto’ or ‘Manual’.

By clicking on the 'calculate' button the bridging loan calculator will work out the following:

Net Loan Plus Facility Fee – This is the total of the loan amount required and the lender’s facility fee.

Other bridging costs

We use all the best lenders and no two lenders are the same. The cost figures provided are meant as an indication only, as they do vary between lenders. To obtain full accurate figures please give us a call and we will be happy to find you the best possible deal.

Other costs are an indication as no two lenders are the same.

Valuation fees – will vary depending on type of property, location and value. They also vary from one firm of surveyors to another, and we have to use a surveyor who is acceptable to the chosen lender. Valuation fees are required when it is time to instruct the surveyor, so are required before loan completion.

Bridging loan calculator explained

Our bridging finance calculator is similar to a mortgage calculator, but instead of calculating monthly repayment figures our calculator provides information about the monthly interest charged and the lenders facility fee. It is important to note that the monthly interest figure calculated is just the interest amount charged, and does not include any capital repayment. Bridging loan interest charges can be set up so that they are either paid each month or added to the loan and paid when the loan is redeemed.

Frequently Asked Questions

How can I get an instant online bridging loan quote?

Our online bridging calculator provides detailed examples of all the costs associated with taking out a bridging loan. You do not have to provide any personal or contact information to receive instant calculations. It is very simple, just provide basic information to receive detailed costs based on our most common loan plans.

How do I qualify for a bridging loan?

The loan criteria for most bridging loans is quite simple, and are really flexible with regards to:

  • Credit history
  • Income company, partnership, sole trader or individual applications
  • Applicant’s maximum age
  • Condition of any property being used as security
  • Using multiple properties as security
  • Speed

How long does it take to arrange a bridging loan?

Some bridging loans can be arranged within as little as 48 hours from initial application. However, very few lenders can achieve this sort of speed, many require 2 to 4 weeks from start to finish.

What can I use a bridging loan for?

They are traditionally used for ‘chain breaks’, buying a new property before an old one is sold. However, they are increasingly used when funds are required quickly, for example auction purchases, and also for funding development projects and un-mortgageable properties.

Should I deal directly with a bridging lender or broker?

We obviously believe brokers! However, if you are unconvinced you can always shop around for yourself and compare your best genuine deal to what we find for you. Since we don’t even charge broker fees you have nothing to lose. We will save you money, time and hassle.

What is your minimum and maximum loan size?

Our loans start from £100,000 and there really isn’t a maximum.

Bridging Loan Calculator

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Instant Results

Interest Rate (per month)

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Interest Rate (per month)

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Lender Facility Fee (0.5%)

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Bridging Loan Calculator

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