Financial - Calc vs Bridging Loan Usage & Stats

A bridging loan calculator gives you an idea of how much a bridging loan could cost based on the specific loan you need. It will give you a free quote and indicative figures for you: interest rates, lender fees, valuation fees, broker fees and admin fees. When you apply for a bridging loan with a lender (either through a broker or directly), the fees and figures may vary - as our calculator tool is just an estimate based on the basic inputted information and assumes certain factors as standard. But it's a great tool to give you an idea of how much your project will cost, whether you're simply buying a new home before selling yours or you're looking to fund refurbishments or a development project. What is a bridging loan? A bridging loan is a type of short term property finance. They're similar to standard mortgages but are designed for the short term - usually between 12 and 18 months. They're not designed to be long term finance solutions for buying property. Instead, they're usually used to bridge a gap between two property transactions. Whether it's buying a property before selling your current home, or buying a property, carrying out some renovations, and then refinancing with a standard mortgage, the many uses of bridging loans are endless. They can provide flexibility and value in the most complex or straightforward situations. And they're also very fast compared to standard mortgages. Our free bridging loan calculator is a useful tool for getting an indicative quote, but we recommend talking to us about what you're trying to achieve to get a bespoke quote for your requirements. We provide holistic bridging loan advice that looks at your entire financial situation for the best solution. Use our Bridging Loan calculator today to see a rough indication on possible solutions, you can then send us a FREE enquiry to be matched to a panel of lenders specialising in this field. Promotional OFFER - on our 1st - 1000 Enquiries since launching our mobile app we will be waiving all initial fee of £500 to 0! Simply Quote ‘Bridging Loan Calculator - Promo’ on your enquiry.