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Superfast Completion, Often Within Days

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Land, With or Without Planning

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2nd Charge (consent not always required)

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Quick Auction Finance

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3rd Charge (consent not always required)

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Adverse Credit Considered

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2nd Charge Behind Bridging Lender

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2nd Charge Behind Equity Release Lender

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Up to Age 85

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Pure Equity Based Lending

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Residential & Commercial

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Valuations Not Always Required

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Loans from £25,500

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Free Legal Option

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No monthly payments

Our online bridging loan calculator has been designed to make it quick and easy to work out how much you can expect to pay as a bridging finance customer.

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How to Use a Bridging Loan Calculator

Bridging loan rates and associated bridging loan fees vary significantly from one lender to the next, which is why a full market comparison should be conducted to ensure you get the best possible deal.

Use our exclusive bridging loan calculator for an overview of the costs of bridging finance or call anytime for an obligation-free consultation and a more accurate quotation.

How Does a Bridging Loan Calculator Work?

Bridging loan calculators work by performing a series of calculations based on the information entered by the user. The main numbers needed to perform a bridging finance calculation include the following:

  • How much money you intend to borrow
  • Your preferred repayment period
  • The value of the asset used to secure the loan
  • Choice of monthly interest or rolled up interest
  • Approximate monthly interest rate

However, there are additional fees and commissions payable on a bridging loan that are not typically covered with an automated bridging finance calculation. Each of the following will therefore need to be discussed with your broker before applying:

  • Property valuation fees
  • Administration fees
  • Loan arrangement fees
  • Early repayment fees
  • Exit fees
  • Legal fees

Broker fees and commissions should not apply, as they should be directed at the lender – not the applicant.

Who Should Use a Bridging Loan Calculator?

We strongly advise anyone considering bridging finance for any purpose to use a bridging loan calculator before applying, in order to ensure they can comfortably afford to repay the loan. Bridging finance has the potential to be a uniquely cost-effective form of short-term borrowing, though can become expensive if the loan is not repaid in full by the agreed deadline.

A bridging loan calculator should not be considered a 100% accurate or binding indication of actual bridging loan costs. A wide variety of additional factors may influence the affordability or otherwise of bridging finance, all of which will be discussed with your broker during your initial consultation.

What is the Average Interest Rate on a Bridging Loan?

Interest rates vary on the basis of a wide variety of contributory factors, though tend to start from around 0.4% per month with a maximum of around 1.5% per month.

When Does a Bridging Loan Have to Be Repaid?

Most bridging loan specialists are relatively flexible with regard to repayment period length. However, most limit their bridging products to a maximum of 18 to 24 months, before full repayment is required.

What is the Alternative to Bridging Finance?

Depending on your requirements and your financial circumstances, there may be alternative options available that are more suitable than bridging finance.

Your broker will help you choose from the various funding options in accordance with your objectives, which may include one or more of the following:

  • A commercial mortgage
  • Specialist business loans
  • Development finance
  • Asset based loans
  • Asset refinancing
  • Specialist secured loans
  • Invoice financing

Call us today for your obligation-free consultation and to discuss your requirements and preferences in more detail.

How it Works

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Get in Touch

Clients approach UK Bridging loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.

home-valuation
Fast Approval

An immediate yes or no answer is given and if suitable, a quotation is formulated and forwarded to the client, usually by email.

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Formal Offer

A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.

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Representative Visit

Each client is visited at the security address for signature of the remaining loan paperwork, including a CH1, land registry charging order. We will also collect any additional pre-requested documentation.

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Dedicated Underwriting

The signed documentation is immediately sent to our underwriters. Our model is based on very quick completions as each deal is funded using all of our own money. On rare occasions we may request additional information.

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Payment of Funds

Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge is removed once the bridging loan is repaid.

Who can use Bridging Finance?

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Age

The applicant could be too old to obtain a standard high street mortgage as most mortgage lenders now prevent borrowing into what is deemed, “normal retirement age”.

property-condition

Property condition

The property may be in a condition where it is not suitable for mortgage finance and as such a Bridging Loan could be used to complete the purchase and any required work prior to refinancing.

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Credit

The applicant may have some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.

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Income

The applicant may have difficulty proving income requirements needed for more regular finance. This may be due to poor self-employment records, a break from work or a reduction in self-employed workloads or overtime.

USPs

  • cloud Superfast Completion, Often Within Days
  • cloud Land, With or Without Planning
  • cloud 2nd Charge (consent not always required)
  • cloud Quick Auction Finance
  • cloud 3rd Charge (consent not always required)
  • cloud Adverse Credit Considered
  • cloud 2nd Charge Behind Bridging Lender
  • cloud 2nd Charge Behind Equity Release Lender
  • cloud Up to Age 85
  • cloud Pure Equity Based Lending
  • cloud Residential & Commercial
  • cloud Valuations Not Always Required
  • cloud Loans from £25,500
  • cloud Free Legal Option
  • cloud No monthly payments

Bridging Loan uses

Contact Us

Contact Details

pinBusiness Address: Office block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX

callTelephone:  0116 366 6338

Opening Hours

Mon - Thurs: 9am - 9pm

Fri: 9am - 5pm

Sat: 10am - 5pm

Sun: 11am - 5pm


For job vacancies please email us on jobs@ukpf.co.uk