Bridging Loans - Kept Simple

Best bridging loan rates - because we're independent brokers

Being completely independent bridging finance brokers enables us to search over 130 UK bridging loan providers to quickly find you the best deal for the finance that you require.

All phone calls and emails to us are answered by experienced brokers who are always happy to provide quotes and answer any questions that you may have. We believe in keeping bridging finance simple and want to help you anyway we can.

About bridging loans

Bridging loans are short term finance facilities, typically for periods of between 1 to 12 months, that can quickly provide read to use funds. Generally we provide bridging loans ranging from £50,000 to £5 million, although we also have extremely specialist facilities that can accommodate larger bridging finance requirements, meaning that bridging loan amounts exceeding £100 million are actually possible. Bridging loans are secured against the available equity in property, and one bridging loan facility can use one or more properties as security.

The past year has seen bridging finance lending double! Low property values has led to more bridging loans being taken out to facilitate quick purchases of bargain properties when rapid completions have been a necessity. In addition the stricter lending criteria from the mainstream lenders has seen bridging loans being used instead, especially to purchase or raise money secured against property that is in a poor state of repair.

Development finance or bridging loan

Since bridging loans are often used to provide the finance required to fund building and restoration projects, they often cross over into development finance criteria. We also specialise in providing development finance so are very well placed to talk to you about your building and development projects to help you determine the best options available.

Bridging loan calculator

On our website you will find a simple to use bridging loan calculator. Please use this bridging finance calculator as often as you like to calculate the monthly interest charges and arrangement fees for any bridging loan amount. The bridging loan calculator will ask for the bridging amount required, monthly rate of interest and the arrangement fee in terms of a percentage amount of the loan required. Once these figures have been entered the bridging loan calculator will provide the amount of the arrangement fee, the total amount of the bridging loan (amount required plus the arrangement fee) and the monthly interest only repayment amount.

Bridging loans London

We have an extensive panel of bridging loan providers who specialise in providing bridging finance for property located in London.

Both residential and commercial property values within the M25, and in particular the City of London, have remained stronger than the rest of the UK since the credit crunch and subsequent economic downturn.

As a result of London properties offering safer security for bridging loans than other parts of the UK, there are many bridging providers who exclusively lend on property in London or within the M25.

These London bridging loan providers obviously have specialist knowledge of the London property market and some offer extremely competitive rates for bridging loans that can be secured on commercial or residential property in London. 

Providing bridging loans nationwide

We are set up to cover the whole of the UK and are therefore able to provide bridging loans and development finance throughout the UK and the Channel Islands.

Interest roll up facilities for bridging loans

Interest roll up facilities are available on many bridging loans, enabling the monthly interest charges for a set number of months to be added to the bridging loan facility at the start of the loan. This means that for these months no monthly interest payments need to be made.

Bridging loan fees and costs

The main bridging loan cost is the monthly rate of interest being charged. When compared to longer term finance options this monthly interest charge is high and is an excellent reason why bridging loans are only intended as a short term method of finance.

In addition to the monthly interest charge most bridging loans charge an arrangement fee. This is usually charged as a percentage of the bridging loan amount, is typically about 2 percent, and is added to the loan facility.

Sometimes there is an exit fee, which is also charge as a percentage of the bridging loan amount and added to the loan amount for redemption purposes when the loan is redeemed. A typical exit fee would be 1%.

Other costs would be legal fees. These pay a solicitor to secure a charge on the security property (or properties) at land registry for the bridging loan.

Valuation fees will need to be paid before a bridging loan is paid out. In the absence of a valuation report that is suitable for the bridging lender one will need to be obtained. We will make sure that before requesting a valuation an acceptable bridging loan offer (subject to valuation) is in place.