Bridging Loan Calculator
Use our bridging loan calculator to find out how much your loan might cost. This calculator should only be used as an indicative guide for a bridging finance as it only shows average rates & fees. If you'd like an accurate loan proposal and for more information please arrange a call, contact us at email@example.com or call 01202 612934.
Your Loan Example
Net loan amount -
Loan amount required before interest, fees or any other costs have been added.
Broker fees (2%)-
Most brokers and packagers charge fees, we do too.
Lender facility fee (0.5%) -
Calculated as a percentage of the net loan amount. Amount of facility fee is illustrated, and the percentage charged is shown in brackets.
Net loan including fees -
This is the net loan amount plus fees.
Monthly interest rate -
Monthly rate of interest charged on the loan facility.
Average monthly interest -
This is the average monthly amount of interest charged based on the full term of the loan. Interest is calculated on the loan balance each month and then added to the facility.
Interest if the loan runs the full term -
This is the total amount of interest that will be charged if the loan is cleared at the end of its term.
Loan to value (LTV) -
This is calculated using the loan amount plus any mortgages left in place, and the total value of the properties used as security.
These fees are incorporated into 'Net loan including fees' shown above.
Valuation fees -
This is the estimated cost if a full valuation is required on the properties offered as security. This figure maybe reduced if a desktop, drive by or existing valuation is sufficient for the lender.
Lenders administration fee -
Most lenders charge administration fees, the amount of which can vary. The fee shown is for a typical plan.
Estimated lender legal costs -
Borrowers are required to pay all legal fees incurred in relation to arranging their loan.
CHAPS Fee -
Lenders are charged a CHAPS fee for sending the proceeds of the loan to their solicitor. They claim this charge back from the borrower.
Redemption administration fee -
Lenders charge an admin fee to remove their charge over the property when a loan is repaid.
Exit fee (0%) -
Some loan plans have exit fees. Almost all of our loans do not.
Redemption amount at full term -
This is the estimated amount required to repay the loan if it runs the full term.
Early settlement -
This is an estimate of the amount required to repay the loan if it is cleared early, at the end of the month selected.