Select Type

Standard Refurb 2nd Charge

Required term

1 Month 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months 12 Months 13 Months 14 Months 15 Months 16 Months 17 Months 18 Months 19 Months 20 Months 21 Months 22 Months 23 Months 24 Months

The amount of months you require the loan for.x

Number of Security Properties *

1 Property 2 Properties 3 Properties 4 Properties 5 Properties

This is the number of properties that you will be using as security for the loan i.e. if you are looking to buy a new property prior to your current property selling it may be more beneficial to put the charge for the bridging loan across both properties to get the best possible rate. The lower the LTV or loan size against the value of the security, the better the rate.x

Valuation of Security Property 1 *

£

This is the market value of the property that you would be securing the bridging loan on.x

Total Valuation

£

Net/actual loan amount required *

£

The net bridging loan amount that you require not including any fees or rolled payments ups etc.x

Broker fee

£

Total initial loan

£

Lender fee (standard is 2%)

£

Assessment fee (standard is £295)

£

This is the amount the lender adds onto the loan to check the case.x

Telegraphic transfer (standard is £35)

£

Fee charged by the lender for transferring the funds to your solicitors bank account prior to completion.x

Total Loan

£

Any remaining current borrowing
(for second charges only)

£

If you have a mortgage which you wish to keep and as such you are looking for a second charge on the property we need to know the amount of the outstanding mortgage balance as this will determine the LTV.x

See our privacy policy for more details.

Calculator Results

• • Months	Monthly Interest Generates	Total Accumulated Loan	Average Monthly Interest
    Month 1	£0.00	£0.00	£0.00
    Month 2	£0.00	£0.00	£0.00
    Month 3	£0.00	£0.00	£0.00
    Month 4	£0.00	£0.00	£0.00
    Month 5	£0.00	£0.00	£0.00
    Month 6	£0.00	£0.00	£0.00
    Month 7	£0.00	£0.00	£0.00
    Month 8	£0.00	£0.00	£0.00
    Month 9	£0.00	£0.00	£0.00
    Month 10	£0.00	£0.00	£0.00
    Month 11	£0.00	£0.00	£0.00
    Month 12	£0.00	£0.00	£0.00
    Month 13	£0.00	£0.00	£0.00
    Month 14	£0.00	£0.00	£0.00
    Month 15	£0.00	£0.00	£0.00
    Month 15	£0.00	£0.00	£0.00
    Month 17	£0.00	£0.00	£0.00
    Month 18	£0.00	£0.00	£0.00
    Month 19	£0.00	£0.00	£0.00
    Month 20	£0.00	£0.00	£0.00
    Month 21	£0.00	£0.00	£0.00
    Month 22	£0.00	£0.00	£0.00
    Month 23	£0.00	£0.00	£0.00
    Month 24	£0.00	£0.00	£0.00

Months	Monthly interest generated	Total accumulated loan	Average monthly interest
24	0.00	0.00	0.00

Initial LTV

%

Final LTV

%

Interest rate chargeable

%

Total interest charged over the required term

£

Any remaining current borrowing
(for second charges only)

£

Total to payback at end of required term

£

Other Fees

Estimated Valuation Fee

Security Property 1 Valuation Fee

£

Security Property 2 Valuation Fee

£

Security Property 3 Valuation Fee

£

Security Property 4 Valuation Fee

£

Security Property 5 Valuation Fee

£

Total Estimated Valuation Fee

£

Estimated Legal Fees

Separate Dual

Dual Legal fees(incl VAT)(add £100 only)

£

2nd property
(add £100 only)

3nd property
(add £100 only)

4nd property
(add £100 only)

5nd property
(add £100 only)

Total Estimated Legal Fees
(£100 added for each additional property)

£

***** Rates quoted are subject to status

***** Early repayment charges may apply on certain products

***** Prices quoted on these sheets are not liable for VAT

If you are struggling to obtain a quote or would like to discuss your quote, please get in touch or call us on 0116 402 7982

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Calculations Select Type Required term Number of security properties Valuation of Security Property 1 Valuation of Security Property 2 Valuation of Security Property 3 Valuation of Security Property 4 Valuation of Security Property 5 Total Valuation Net/actual loan amount required Broker fee Total initial loan Lender fee (standard is 2%) Assessment fee (standard is £295) Telegraphic transfer (standard is £35) Total Loan Any remaining current borrowing (for second charges only) Calculator Results Initial LTV Final LTV Interest rate chargeable Average Monthly Interest

Total interest charged over the required term Any remaining current borrowing (for second charges only) Total to payback at end of required term

Other Fees

Estimated Valuation Fee Security Property 1 Valuation Fee Security Property 2 Valuation Fee Security Property 3 Valuation Fee Security Property 4 Valuation Fee Security Property 5 Valuation Fee Total Estimated Valuation Fee

Estimated Legal Fees Dual Legal fees(incl VAT) 2nd property (add £100 only) 3nd property (add £100 only) 4nd property (add £100 only) 5nd property (add £100 only) Total Estimated Legal Fees(£100 added for each additional property)

If you are struggling to obtain a quote or would like to discuss your quote, please get in touch or call us on 0116 464 5544 In bridging finance, monthly payments are not normally required unless requested. Instead the borrower receives the net loan amount and on repayment of that loan also repays any interest generated whilst the loan was outstanding.

***** Rates quoted are subject to status ****** Early repayment charges may apply on certain products **** Prices quoted on these sheets are not liable for VAT

When using a calculator, we will not perform credit checks, nor will we pass your information to any third party. We are committed to protecting your personal data and are registered with the Information Commissioner Office (ZA115985).

Why use a bridging loan calculator?

Our bridge loan calculator is designed to give you an exact assessment of all the costs connected to obtaining bridging loans. This is the total amount our customers may anticipate paying well for the savings you can make by taking out a bridging loan with us.

Use our calculator to assess:

• The amount of funding you would receive.
• The total amount that would need to be repaid.
• Whether bridging is the right funding solution for you.

We’ve designed our bridging loan calculator with borrowers in mind, offering a practical estimate of the complete expenses associated with bridging finance before you make your application. If you need any guidance on how to use the calculator effectively, simply give us a call and our committed team members will gladly assist you.

How to use our calculator

How are bridging loan costs calculated?

There should be various factors that you will need to take into account:

• LTV, short for loan-to-value: represents the proportion between the amount borrowed and the true value of the property put forward as collateral. Typically, as a practical guideline, the greater the LTV, the greater the interest rate that will be presented, and conversely. Put simply, if LTV is low, borrowers can expect favourable interest rates from most lenders.
• Regulated vs. unregulated: If the property is intended to be lived in by the buyer, then the loan will fall under FCA regulations and therefore be considered regulated. For property purchases that are for investment purposes only, they will be considered unregulated. There are typically fewer lenders offering regulated loans, and lending is more competitive than with unregulated loans, so interest rates are lower.
• The size of the deposit: This plays a significant role in shaping how lenders perceive your financial reliability. By making a large deposit, you position yourself as a less risky borrower, boosting your chances of obtaining a bridging loan with a lower interest rate.
• Lender fees: These are fees charged by the bridging loan lender for arranging the loan and are typically around 2% of the loan amount; however, this may vary slightly from lender to lender.
• Drawdown fee: This is a fee that some lenders impose on borrowers and is usually set at around £295. A redemption fee may also be charged for removing the legal charge from the property, which averages around £120.
• Legal fees: Similar to a standard mortgage, bridging finance requires legal paperwork to be completed. In most cases, it will be up to you to take charge and locate a solicitor who can adeptly manage all the legal intricacies surrounding bridging finance. Moreover, it will be your obligation to bear the costs associated with engaging the services of a solicitor.
• Broker fees: Most brokers will charge a fee for their services. It is always worthwhile to employ the services of a bridging broker, as they have access to the best deals and, therefore, will overall lower the total loan costs.
• Valuation costs: Bridge finance is a type of secure loan and therefore requires some form of security (collateral), typically property, which will have to be valued to ensure that the asset is of sufficient value.
• Exit Fee: Most lenders will not impose this charge, but for lenders who do, this is usually around 1% to 2% and payable on the redemption of the bridging loan.

How is interest calculated?

Bridging finance interest and traditional mortgage interest is calculated in a totally different way. The manner in which interest is computed for bridging finance sets it apart from the method employed for conventional mortgage products. When it comes to a lengthy loan, such as a mortgage, the interest is calculated annually. However, with a bridging loan, the interest is determined monthly. Bridging loans are normally repaid in 12 to 18 months, with interest collected throughout. If the loan is repaid before the agreed-upon payback period, the borrower pays less interest. Furthermore, many lenders provide rolling-up interest, which is interest that accumulates and is paid in a lump sum at the end of the loan term.