Martin Lewis Bridging Loans

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

Please fill in the below details to get the quotation emailed

Name: *

Phone No:

Email: *

Description:

Please wait. Your mail is being sent.

Quotation will be displayed in few seconds.Please wait...

Your application has not been sent. Kindly contact your admin.

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

Martin Lewis is a top figure in personal finance. He founded MoneySavingExpert in 2003. This site has saved households billions. It compares deals on insurance, mortgages, and energy.

Now, MoneySavingExpert is part of MoneySupermarket. In 2012, someone bought it for £87 million. Lewis still represents the brand, but no longer owns it.

Lewis and his sites have never dealt with bridging loans. MoneySupermarket offers a simple guide but does not provide loans or comparisons.

Customers interested in bridging loans are instead redirected to a third-party provider. This provider sources bridging loans from a selection of UK lenders.

Flexible bridging loans for all purposes

We are BridgingLoans.co.uk. We focus on a wide range of bridging and development finance products. They fit all needs and budgets. Our team works with a large panel of top-rated lenders across the UK. We negotiate unbeatable deals and exclusive rates for our clients.

Most comparison sites do limited comparisons. We do whole-of-market comparisons. They help our customers find the best deals on flexible bridging loans. We have close working relationships with our partner providers. They let us simplify the application process. This results in a smooth transaction for our customers.

The below table outlines the various bridging loan rates and interest payable:

Key requirements for bridging loan applications

When it comes to securing a bridging loan, certain essentials come into play:

Income confirmation: Bridging finance is not like traditional mortgages or property-backed loans. It operates on a different paradigm. You don’t have to make monthly repayments. So, the focus on income, affordability, and credit history is less strict. Yet, the need to manage monthly interest payments is not a main concern for loans. Interest accumulates monthly on these loans, either retained or deducted. But it might become a factor during the exit strategy phase if the plan involves refinancing.

Why are you seeking funds?

The lender will inquire about the purpose behind your financial request. Bridging finance offers flexibility for many needs. But the lender must ensure your goals match their criteria for approval.

What collateral will you provide?

A pivotal aspect of bridging loans revolves around the security offered. The backbone of bridging hinges on the assets securing the loan, which can encompass:

• They are residential, rental, business, and mixed-use properties. They include dwellings like houses, apartments, cottages, and duplexes.
• Custom-built residences.
• Construction and refurbishment endeavours.
• These are properties not suitable for traditional mortgages. They have earmarked them for renovations to meet mortgage criteria.

If one property doesn’t cover the funds, you can use many properties as collateral. This strategy allows for greater flexibility in securing the necessary financing.

The loan-to-value (LTV) ratio is key. Bridging finance usually allows borrowing up to 75% of the gross LTV. This means borrowing up to 75% of the total value of the secured property or properties. This encompasses any fees and interest accrued within the facility. A few options go up to 80%. But they usually have much higher costs.

How bridging finance works with bridgingloans.co.uk

At Bridgingloans.co.uk, we provide custom short-term funding. It’s for private customers and commercial borrowers from all backgrounds.

During your first meeting, we will help you see the options. We will also help you find the type of funding that best fits your needs. We will then compare deals from dozens of specialist bridging loan lenders. Many of them offer their services only through brokers.

You can take out bridging loans for 1 to 24 months. You can choose to make regular interest payments. Or, you can add the interest to the final lump-sum repayment.

For larger property projects, we arrange affordable development financing. We do this with our trusted lending partners.

Martin Lewis doesn’t offer bridging finance, so how do I get it?

If you’re in need of bridging finance but Martin Lewis isn’t the go-to source, don’t fret! Specialised lenders in the United Kingdom cater only to bridging loans.

To get the best terms for a bridging loan, work with a trustworthy bridging finance company. They do a thorough market analysis.

Look at bridgingloans.co.uk. It is the best solution for all your bridging finance needs! Bridgingloans.co.uk has an impressive track record. It spans more than two decades in the finance industry. The company is committed to delivering a top-notch service. It meets your needs with utmost precision.

What distinguishes bridgingloans.co.uk from the competition?

We differ by allowing you to:

• Enjoy the advantages of low-interest rates, starting as low as 0.55%.
• Borrow any amount, starting from £20,000.

Access the whole financial market. You need the best options that are available to you.

• Secure the best possible terms and conditionsfor your bridging finances.

Rely on our deep expertise. We cater to both proprietors and property developers.

Your exit strategy plan

Another crucial aspect is your exit strategy for the bridging loan. Keep in mind that bridging finance is for short-term needs. You need a reliable plan to repay it.

Common exit strategies for bridging loans include the following:

• Selling a property or parcel of land
• Transitioning to a mortgage product through refinancing

Other exit strategies could involve securing a guaranteed investment return. They could also involve paying off debts. These debts could be from divorce or pending inheritances.