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0333 200 7209
for the best choice of UK Bridging Loans from the experts  . . .

Bridging loan calculator

With over 25 years’ experience at senior level in the financial sector our team provide a refreshing no-nonsense approach to lending ...

 
 

Serviced Interest Bridging Loans

Making monthly interest payments is referred to as a serviced bridging loan. The interest payments are calculated form the gross loan amount which includes the lender's facility fee, which is usually 2%.


  • Loan details:
     
    Net Loan Required (£) Term Required
    Interest rate (% pm) Facility fee (1% - 2%)
     
    Security details:
     
    1. Property value Existing 1st charge 2. Property value Existing 1st charge 3. Property value Existing 1st charge
  • Loan results =
     
    Gross loan Lender facility fee Monthly interest Loan to value (LTV)
     
    Other fees
     
    Valuation fee(s) Broker fee Admin fee Legal fee Bank transfer fee Redemption fee
  • If you wish to service the loan with monthly payments use our retained interest calculator Retained Interest Calculator


Information

Interest options:

There are broadly two methods of paying the interest on a bridging loan, defined as follows:

Make NO monthly payments with a retained interest bridging loan. The interest is added to the loan and paid at the end of the term when the loan is paid back. In most cases there are no early repayment penalities. If you redeem early any remaining interest is refunded.

Making monthly interest payments is referred to as a serviced bridging loan. The interest payments are calculated form the gross loan amount which includes the lender's facility fee, which is usually 2%.

Loan to value (LTV):

The LTV is calculated from your loan requirement plus any current outstanding borrowings as a percentage of the total security value. Typically overall loan to value should not exceed 75%, however this can be increased with additional security.

Interest rates:

Rates start from 0.48% pm and are dependant on a number of factors such as the loan to value. For instance lower LTV's will attract lower interest rates. Other factors effecting the interest rates can also include the property location, and property type (residential, commercial, semi-commercial, land, etc.).

Fees:

There are no up-front fees to pay. Once a bridging loan has been approved for you and you have accepted the terms offered, you will be required to pay a valuation fee in order to proceed with the loan. Legal fees will follow, and administration fees are usually added to the loan amount.

Notes

EquityOne Finance Ltd is fully authorised to provide advice on FCA regulated mortgage contracts.

Please note that this does not constitute a quotation. The results produced by this bridging loan calculator are intended only to provide a guide to the costs associated with this type of short-term lending.

The interest can be paid monthly (on a serviced basis), or can be retained with no monthly instalments required during the loan term. The interest rates will vary depending on the loan to value (LTV) percentage. The mamximum LTV is gernerally 75%, but can be increased if additional security is provided.

Each bridging loan application is dealt with on a case by case basis. To provide an accurate bridging loan quotation EquityOne Finance Ltd will require the applicant to provide all the necessary detail to ensure qualifying criteria, and to be able to provide a detailed terms of all costs, fees, and interest rates payable by the borrower. Please note that fees such as valuation, admin, and legal fees can differ between alternative lending sources.

Get in touch today to find out how our knowledge & experience can help you quickly get the best solution perfectly tailored to your exact needs ...
Maximum loan size
£ 25 m
Minumum loan size £30,000
Loan-to-value up to
80 %
100% with additional security
BEST RATES from
0. 39 %
Current at September 2019

Fast competitive & professional lending solutions you can trust ...

As a Premier Broker we are able to ensure our clients get the most competitive interest rates for their bridging finance available in the market today. Our experience and understanding of bridging finance means that we are also able to ensure the finance we arrange best suits the client’s needs and preferences, and importantly is delivered within the required timeframe.