Our online bridging loan calculator is designed to make it quick and simple for you to estimate how much you can anticipate paying as a bridging loan customer.
The amount of months you require the loan for.
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.
£
This is the market value of the property that you would be securing the bridging loan on.
£
£
The net bridging loan amount that you require not including any fees or rolled payments ups etc.
£
£
£
£
This is the amount the lender adds onto the loan to check the case.
£
Fee charged by the lender for transferring the funds to your solicitors bank account prior to completion.
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£
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.
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
%
%
%
£
£
£
£
£
£
£
£
£
Separate - the lender will be using one solicitor, and you will be using another. Dual - all the legal requirements for both sides will be handled by the same legal practice
£
£
Please fill in the below details to get the quotation emailed
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
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 quote.
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 do you intend to borrow?
Your preferred repayment period
Value of the asset or assets 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 by 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 highly urge anybody contemplating bridging credit for whatever reason to utilise a bridging loan calculator before applying to verify they can afford to repay the loan easily. Bridging financing has the potential to be a very cost-effective kind of short-term borrowing, but it can become costly if the loan is not fully returned by the agreed-upon date.
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 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 depending on a number of contributing factors, but they typically range from roughly 0.4% per month to 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.
Call us today for an obligation-free consultation to discuss your requirements and preferences in more detail.
How it works
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.
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.
Formal offer
A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.
Representative visit
Each client is visited at the security address for the signature of the remaining loan paperwork, including a CH1 land registry charging order. We will also collect any additional pre-requested documentation.
Dedicated underwriting
The signed documentation was 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.
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 will be removed once the bridging loan is repaid.
Who can use bridging finance?
Age
The applicant could be too old to obtain a standard high-street mortgage, as most mortgage lenders now prevent borrowing beyond what is deemed “normal retirement age”.
Property conditions
The property may be in a condition where it is not suitable for mortgage financing, and as such, a bridging loan could be used to complete the purchase and any required work prior to refinancing.
Credit
The applicant may have had some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.
Income
The applicant may have difficulty proving the income requirements needed for more regular financing. This may be due to poor self-employment records, a break from work, a reduction in self-employed workloads, or overtime.