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 info@finbri.co.uk or call 01202 612934.

Bridging Loan Calculator

  • Bridging Loan Calculator
  • Bridging Loan Calculator
  • Bridging Loan Calculator
Bridging Loan Calculator
  1. Loan amount required

    The loan amount required is also known as the total 'net' loan amount that you want to borrow.

    This is the amount you are expecting to receive before interest or any other charges have been added.

  2. Loan term

    This is the number of months that you'd like the loan for.

  3. Properties used as security

    Please enter the number of properties that you'd like to use as security for the loan.

  4. Property 1: Value

    The current market value of the property being used as security.

  5. Property 1: Mortgage balance

    If you have any mortgages or other secured loans on this property please total the outstanding value here. Note: We only need to know the total loan existing balance that will still be outstanding upon receipt of the bridging loan, so if you're intending to take a bridging loan to consolidate those other mortgages etc then the balance outstanding upon receipt of the bridging loan would be 0.

  6. Interest rolled up or paid monthly?

    Rolled up interest means the interest is charged at the end of each month and then added to the loan balance. Another term for this is compounded monthly interest. This is the normal interest charging method for bridging loans. It's then paid when the loan is redeemed.

    Pay monthly means that the interest is charged and paid at the end of each month. Another term for this is serviced interest. It's not added to the loan facility.

  7. Show amount to repay if the loan is cleared at the end of:

    Enter the month in which you could repay the loan early. The calculator will show you an estimated settlement amount for clearing the loan facility at the end of the month you choose.

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.

Other fees

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.

Loan settlement

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.

Some of our lending partners

Acre Lane Capital
Broadoak Private Finance
Funding 365
Oakbridge
Agility Bridging
Apex Bridging
Hope Capital
Interbridge
Mintbridging
Together
Barton
Bath & West
The Bridging Group
Focused Lending
Lendinvest
MFS
Octane Capital
Proplend
Bridgecrowd
Tuscan Capital
West One
Whitehall Capital
Zorin Finance
Get the ball rolling

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