Compare Tesco Bank Bridge Finance with Other Lenders

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
(for second 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
(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

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

For conventional loans, mortgages and credit cards, Tesco Bank ticks all the right boxes. When it comes to more dynamic financial products, like bridging loans, Tesco Bank’s limitations become apparent. Particularly, if you’re looking to borrow a moderate sum of money for just a few months, you may find major lenders like Tesco Bank unable to offer any help whatsoever.

UK Property Finance is Britain’s number-one in affordable, accessible bridging loans for all purposes. With our help, you’ll gain access to the funds you need in the shortest possible time and at the lowest possible price. Whether new to bridging loans or familiar with the way things work, we’re standing by to show you what we can do.

Advantages of bridging finance

If you need every day High Street banking services, you’ll find what you need from Tesco Bank. If you’re on the lookout for more intelligent financial services, you’ve come to the right place. Provided by an established independent lender, bridging loans bring a variety of unique advantages to the table.

A few examples of which are as follows:

• Quick to arrange: Personal loans typically take weeks, sometimes even months, to process and complete. Hardly a viable option, should you require the funds for an urgent purchase. Depending on your requirements and the loan amount, bridging finance can sometimes be paid out in as little as two business days.
• Total flexibility: A good bridging loan is built around your budget and your requirements, rather than those of the lender. From overall borrowing costs to repayment periods to collateral and so on, it’s all about accessibility and flexibility on the highest level. Again, something you won’t experience when working with major names like Tesco Bank.
• No credit checks: Many leading bridging lenders have no interest whatsoever in the borrower’s credit rating. Just as long as they are able to cover the value of the loan with acceptable collateral, this is the only thing that matters.
• Shorter repayment periods: Rather than having the debt of a loan hanging over your head for years or decades on end, bridging loans can be repaid within a matter of months. It’s possible to organise longer repayment periods if required, but faster repayment is always an option.
• Competitive borrowing costs: By their very nature, bridging loans can be significantly more affordable than any comparable loan. Secured with collateral and repaid over a shorter period of time, overall borrowing costs can be kept to an absolute minimum.
• Funding for any project: Last but not least, the funds obtained by way of a bridging loan can be used for absolutely any purpose whatsoever. Unlike the more typical financial services from banks like Tesco, you don’t need to provide any indication as to where or how the money will be used.