Bridging Loan Calculator
View the bridging loan rates table below to get an idea of what a typical loan repayment on £100,000 would be or alternatively use the live bridging loan calculator from our main bridging loans website. BridgingLoans.co.uk is a Trading style of UK Property Finance.
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The types of bridging finance products available in the market have increased in recent years along with an increase in the circumstances in which this type of short term finance can be used. Traditionally, bridging loans were used to bridge the gap between a purchase of a property before the sale of an existing property. This is still the case but they can also now be used for many other reasons including to raise capital before sale for reasons such as refurbishment. This enables the borrower to remain in control of the property and in most refurbishment situations, improve the property before sale and therefore market the property for a higher price due to the standard of works completed.
By using the table above as a bridging finance calculator simplified calculator tool, you can easily see how even the smallest fluctuation in terms of interest rates will affect the monthly payments provided in your UK bridging loan quote.
Bridging finance is available for many different circumstances. The amount you can borrow depends on the security on offer. You can combine more than one security to enable you to obtain a larger loan amount, for example if you have a property portfolio where the equity is spread over numerous properties, you may be able to secure on a range of the properties enabling you to take out enough equity for your required needs.
Bridging finance can be used for purchase or refinance on a property or land but only for a short period of time, usually up to 12 months. Short term finance can be obtained for the use of debt consolidation, business purposes such as expansion or for the auction purchase of residential and commercial property.
In general, our bridging finance and short term loans start from approx £10,000. Short term finance can be offered on a range of properties whether investment, commercial or residential or even a combination of property types.
Lenders often have minimum terms of 1 month but some bridging finance 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 or hours.
Rates available in the market are again dependant on the type of property and size of loan compared with the security available or whether it is on a first or second charge basis. Rates presently start at 0.49% and this is the rate most used by us.
Please note that our UK Bridging Loans Calculator table is provided as quick reference tool. In order to get the actual rates, please contact our team as each bridging loan quote we offer is completely different to the next as products are tailored towards an individual’s borrowing circumstances and requirements.
What is a bridge loan?
A bridge loan, or bridging finance, is a short-term property loan that one can arrange relatively quickly in order to fund the purchase of commercial or residential real estate. With bridging loans, the amount borrowed and any additional fees are usually repaid in full at the end of the loan term. Learn more: What a bridging loan is and the various scenarios a bridge loan is applicable.
What is an end financing loan?
An end financing loan is a long-term secured loan product that is taken out as a means of paying off shorter-term borrowing products such as a bridging loans. At the end of the term, the borrower will usually need to pay back both interest and the collateral.
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