Santander

Bridging Type

Standard Refurb 2nd Charge

Length of 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 number of months you need the loan for.x

How many Security Properties *

1 Property 2 Properties 3 Properties 4 Properties 5 Properties

This is the number of properties that will be used as collateral for the loan. For example, if you want to acquire a new home before selling your present one, it may be more advantageous to charge the bridging loan over both properties to receive the highest rate available. The smaller the LTV, or loan size, relative to the value of the security, the better the rate.x

Security Property 1 Valuation *

£

This is the market value of the property on which you would get the bridging loan.x

Valuation Total

£

Net loan amount *

£

The net amount you require for a bridging loan, excluding fees and rolled-up installments, etc.x

Broker charge

£

Initial Loan Value

£

Lender charge (standard: 2%)

£

Assessment charge (standard: £295)

£

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

Telegraphic transfer fee (standard: £35)

£

The lender charges a fee for moving payments to your solicitor's bank account prior to completion.x

Total Loan Amount

£

Any outstandng current borrowing
(second charge only)

£

If you have a mortgage that you want to maintain and are searching for a second charge on the property, we need to know the existing mortgage balance because this determines the LTV.x

Loan Calculation Result

• • No. of Months	Interest Monthly	Total Accumulated Loan	Avg Interest per month
    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

No. of Months	Interest Monthly	Total accumulated loan	Avg Interest per month
24	0.00	0.00	0.00

Initial L.T.V

%

Final L.T.V

%

Interest rate charged

%

Total interest charged over the loan term requested

£

Any outstanding current borrowing
(second charge only)

£

Total amount to be repaid at end of loan term

£

Other Charges

Estimated Valuation Cost

Security Property 1 Valuation Cost

£

Security Property 2 Valuation Cost

£

Security Property 3 Valuation Cost

£

Security Property 4 Valuation Cost

£

Security Property 5 Valuation Cost

£

Total Valuation Cost (Estimated)

£

Legal Fees (Estimate)

Separate Dual

Dual Legal cost(incl VAT)(add £100, only)

£

2nd property
(add £100, only)

3rd property
(add £100, only)

4th property
(add £100, only)

5th property
(add £100, only)

Total Estimated Legal Charges
(£100 added based on each additional property)

£

***** Interest rates quoted are subject to status

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

***** Prices quoted on this calculation is not liable for VAT

If you are having problems with obtaining your quote or would like to discuss your quote, please email us or call the number: 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

That said, Santander doesn’t currently offer bridging loans. There are a number of short-term financial services to choose from, but bridging loans as a specific product aren’t on the cards. Hence, when funds are required as quickly as possible to cover a major purchase, Santander may be unable to help.

The benefit of a bridging loan

Here at UK Property Finance, we specialise in dynamic funding solutions for all purposes. Bridging loans can be worth their weight in gold when time is a critical factor. Most popular among investors looking to purchase properties, bridging loans bring a series of key benefits to the table, such as:

Loans are available from £25,000 to £25,000,000.
• Flexible repayment periods from two months to 36 months
• Immediate decisions and funds transferred within a week
• All property types are considered collateral.
• Simplified application processes with no credit checks

In essence, a bridging loan reverses the complexities and delays associated with conventional mortgages. Rather than waiting weeks or months to access the cash you need, the transfer can be completed in as little as four days.

Bridging loan uses

When is a bridging loan an effective solution? The short answer is: anytime you simply don’t have time to spare. Meeting unexpected business costs, paying urgent tax bills, carrying out essential refurbishments, and purchasing properties at auction are just a few common uses for bridging loans.

A Santander bridging loan may be off the cards for now, but we can set you up with the loan you need quickly and effortlessly!

Whatever your intentions and current financial position, we’ll search high and low to find you the perfect products to suit your needs. Even if your credit history isn’t exactly spotless, we’ll ensure your bridging loan application is given fair consideration.

Give the experts at UK Property Finance a call, email us with an overview of your requirements, and we’ll get back to you.

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