UK Bridging Loan Calculator

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

The amount of months you require the loan for.x

Number of Security Properties *

1 Property 2 Properties 3 Properties 4 Properties 5 Properties

This is the number of properties that you will be using as security for the loan i.e. if you are looking to buy a new property prior to your current property selling it may be more beneficial to put the charge for the bridging loan across both properties to get the best possible rate. The lower the LTV or loan size against the value of the security, the better the rate.x

Valuation of Security Property 1 *

£

This is the market value of the property that you would be securing the bridging loan on.x

Total Valuation

£

Net/actual loan amount required *

£

The net bridging loan amount that you require not including any fees or rolled payments ups etc.x

Broker fee

£

Total initial loan

£

Lender fee (standard is 2%)

£

Assessment fee (standard is £295)

£

This is the amount the lender adds onto the loan to check the case.x

Telegraphic transfer (standard is £35)

£

Fee charged by the lender for transferring the funds to your solicitors bank account prior to completion.x

Total Loan

£

Any remaining current borrowing (2nd charges only)

£

If you have a mortgage which you wish to keep and as such you are looking for a second charge on the property we need to know the amount of the outstanding mortgage balance as this will determine the LTV.x

See our privacy policy for more details.

Calculator Results

• • Months	Monthly Interest Generates	Total Accumulated Loan	Average Monthly Interest
    Month 1	£0.00	£0.00	£0.00
    Month 2	£0.00	£0.00	£0.00
    Month 3	£0.00	£0.00	£0.00
    Month 4	£0.00	£0.00	£0.00
    Month 5	£0.00	£0.00	£0.00
    Month 6	£0.00	£0.00	£0.00
    Month 7	£0.00	£0.00	£0.00
    Month 8	£0.00	£0.00	£0.00
    Month 9	£0.00	£0.00	£0.00
    Month 10	£0.00	£0.00	£0.00
    Month 11	£0.00	£0.00	£0.00
    Month 12	£0.00	£0.00	£0.00
    Month 13	£0.00	£0.00	£0.00
    Month 14	£0.00	£0.00	£0.00
    Month 15	£0.00	£0.00	£0.00
    Month 15	£0.00	£0.00	£0.00
    Month 17	£0.00	£0.00	£0.00
    Month 18	£0.00	£0.00	£0.00
    Month 19	£0.00	£0.00	£0.00
    Month 20	£0.00	£0.00	£0.00
    Month 21	£0.00	£0.00	£0.00
    Month 22	£0.00	£0.00	£0.00
    Month 23	£0.00	£0.00	£0.00
    Month 24	£0.00	£0.00	£0.00

Months	Monthly interest generated	Total accumulated loan	Average monthly interest
24	0.00	0.00	0.00

Initial LTV

%

Final LTV

%

Interest rate chargeable

%

Total interest charged over the required term

£

Any remaining current borrowing (2nd charges only)

£

Total to payback at end of required term

£

Other Fees

Estimated Valuation Fee

Security Property 1 Valuation Fee

£

Security Property 2 Valuation Fee

£

Security Property 3 Valuation Fee

£

Security Property 4 Valuation Fee

£

Security Property 5 Valuation Fee

£

Total Estimated Valuation Fee

£

Estimated Legal Fees

Separate Dual

Dual Legal fees(incl VAT)(add £100 only)

£

2nd property
(add £100 only)

3nd property
(add £100 only)

4nd property
(add £100 only)

5nd property
(add £100 only)

Total Estimated Legal Fees
(£100 added for each additional property)

£

***** Rates quoted are subject to status

***** Early repayment charges may apply on certain products

***** Prices quoted on these sheets are not liable for VAT

If you are struggling to obtain a quote or would like to discuss your quote, please get in touch or call us on 0116 402 7982

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Calculations Select Type Required term Number of security properties Valuation of Security Property 1 Valuation of Security Property 2 Valuation of Security Property 3 Valuation of Security Property 4 Valuation of Security Property 5 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) Calculator Results Initial LTV Final LTV Interest rate chargeable Average Monthly Interest

Total interest charged over the required term Any remaining current borrowing (for second charges only) Total to payback at end of required term

Other Fees

Estimated Valuation Fee Security Property 1 Valuation Fee Security Property 2 Valuation Fee Security Property 3 Valuation Fee Security Property 4 Valuation Fee Security Property 5 Valuation Fee Total Estimated Valuation Fee

Estimated Legal Fees Dual Legal fees(incl VAT) 2nd property (add £100 only) 3nd property (add £100 only) 4nd property (add £100 only) 5nd property (add £100 only) Total Estimated Legal Fees(£100 added for each additional property)

If you are struggling to obtain a quote or would like to discuss your quote, please get in touch or call us on 0116 464 5544 In bridging finance, monthly payments are not normally required unless requested. Instead the borrower receives the net loan amount and on repayment of that loan also repays any interest generated whilst the loan was outstanding.

***** Rates quoted are subject to status ****** Early repayment charges may apply on certain products **** Prices quoted on these sheets are not liable for VAT

How to use the bridging finance calculator

Follow these simple steps to get an instant quote:

• Choose Loan Type: Select from options like property refurbishment, house purchase, or second charge loan.
• Select Loan Term: Choose the preferred duration, typically up to 12 months.
• Input Property Value: Enter the estimated market value of the property or properties being used as security.
• Enter Loan Amount: Input the amount you need to borrow.
• Number of Properties: Provide how many properties you’re using for security.

Once you input these details, the calculator will estimate all associated costs, including interest and fees.

Interest rates

We offer competitive interest rates based on your specific loan requirements:

The exact rate will depend on your loan-to-value ratio and other factors.

Loan example: Quick breakdown of costs

Here’s a typical breakdown for a bridging loan:

• Administrative Fee: £295 (one-time fee, only payable if the loan is approved)
• Valuation Fees: Varies by property size and location
• Lender Fees: Around 2% of the loan amount
• Legal Fees: Borrower is responsible for both their own and lender’s legal fees
• Exit Fees: Typically 1% to 2% if applicable

Cost comparison:

• Serviced Payments: Interest is paid monthly, with the principal due at the end of the loan term. Ideal for borrowers who can manage regular payments.
• Retained Interest: Interest is deferred until the loan is fully repaid. The loan amount includes both the principal and interest, making it suitable for borrowers wanting to delay payments.

Loan eligibility checklist

To qualify for a bridging loan, you need:

• A minimum loan amount of £10,000
• UK residency (including Scotland and Ireland)
• Collateral in the form of a property
• A clear plan to repay the loan (e.g., selling a property, switching to a long-term mortgage, or expected income)

To fit our qualifying eligibility, you may also need to provide basic credit history and income details depending on the lender.

Typically, bridging loans last from 6 to 18 months, with a maximum of 24 months in some cases. Unlike mortgages, bridging loan interest is calculated on a monthly basis. Many lenders offer “rolled-up” interest, which is paid at the end of the term. Our calculator can help you assess the impact of extending your loan term. Just update the loan duration, and it will recalculate the cost so you can compare to the previous figures.

Case Study: Bridging Loan for House Purchase

Client: Homebuyer.
Loan Type: Bridging loan for house purchase.
Challenge: The client needed quick funds to purchase a new house before their existing property was sold.
Solution: We arranged a bridging loan within a week, allowing the client to secure the new property without having to wait for the sale of their current home. The loan was structured with retained interest, enabling the client to delay payments until the sale of their existing house. The loan was repaid in full once their property was sold, six months later.

We find the best bridging loans for you

We specialise in providing tailored bridging finance solutions, whether for property development, purchasing, or refinancing. Our competitive rates, flexible terms, and transparent process ensure you get the best deal, fast.

Our team of experienced brokers works directly with lenders, saving you time and helping you navigate the process with ease. We are open now for online appointments.

Ready to get started? Use our Bridging Finance Calculator to get your quote now, or contact us for personalised advice.