Bridging Loan Calculator
We have access to the best bridging loan rates and the fastest bridging loans in the UK. We are open 7 days a week until 8:30 p.m.
Using our bridging loan calculator
Our bridging loan calculators helps you understand all of the costs associated with getting a bridging loan. It gives you a good estimate of what the terms of the finance could look like.
If you need help using the calculator, give us a call and our team will be happy to assist you.
We promise to keep your personal information safe. When using the calculator, we will not perform credit checks and are committed to protecting your personal date. We are registered with the Information Commissioner Office (ZA115985).
The bridging loan calculator results are indicative and subject to lender criteria. To get an accurate idea of the quote that is available to you, please give us a call.
How to use our calculator
1. Enter your desired loan term and security property valuation. This helps us to judge if there is enough equity available to provide the lending required.
2. Enter the required loan amount. Our loans start from £20,000 and can be used for any legal reason.
3. Enter details of any current outstanding borrowing if applicable. This will determine the overall loan to value.
4. calculate your repayments by submitting the form. In just a few short moments, we will have calculated your Loan-to-Value(LTV) and lending eligibility.
5. Your loan repayment figures will be presented on screen, as well as an email copy sent to your inbox. A dedicated advisor will follow up with a call to discuss your requirements in more detail.
See our privacy policy for more details.
Calculator Results
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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
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| Months | Monthly interest generated | Total accumulated loan | Average monthly interest |
| 24 | 0.00 | 0.00 | 0.00 |
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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. |
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***** Rates quoted are subject to status
****** Early repayment charges may apply on certain products **** Prices quoted on these sheets are not liable for VAT |
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Frequently Asked Questions
How is interest calculated?
Interest is usually rolled up on bridging loans but there is also an option to service this monthly subject to affordability. The interest is typically calculated daily with most lenders but some do calculate it monthly. This means when you repay the loan you will only pay interest for the amount of time you have had the loan for.
What are the potential costs associated with a bridging loan?
Lender application fees – usually 2% of the loan amount required and this is added to the loan.
Valuation fees – this varies from lender to lender depending on the surveyor used. Some lenders do offer desktop valuations which are free of charge but subject to criteria. The valuation carried out will be for mortgage purposes only.
Legal fees – this will be to cover the lenders solicitor costs; you may still need to instruct your own solicitor which will be an additional cost. Some lenders offer dual representation where the lenders solicitors’ act for both the lender and the client.
Redemption charges – although lenders do not have any early repayment charges, some do charge a redemption fee which is payable on full redemption of the loan. This can be between £100 to £300 depending on the lender.
Do you need a good credit rating for a bridging loan?
A poor credit score may lead to lenders viewing you as a high-risk borrower which may lead to them being less inclined to approve your loan. Lenders may find this reason enough to reject your bridging while others may still supply the funding.
What is the purpose of a bridging loan?
Bridging loans are used to buy or raise capital to secure a residential or commercial property. Bridging loans can be secured faster than other more traditional ways.
What are the requirements for a bridging loan?
Bridging loan requirements vary depending on the lender but most will need a deposit or equity as collateral and may require proof of income and a credit check.