Bridging Loan Cost Calculator
The purpose of this Bridging Loan calculator is to give guidance on what size loan and possible costs might be if you were to apply.
Home Movers use this bridge finance calculator. Use this calculator for single property purchases or capital raising in conjunction with the notes given below.
Bridging Loan Calculator
Pay As You Go Option (monthly).
- Arrangement Fee
- £000000
- Cost Per Month
- £000000
- Cash Advanced
- £000000
Interest Roll-Up Option
(interest & fee deducted from advance).
- Arrangement Fee
- £000000
- Interest
- £000000
- Cash Advanced
- £000000
Bridging Calculator Notes
The results returned by the bridging finance calculator are based on average loan to values and costs within the industry, it may be that once we have assessed your case the costs offered may be different to those shown here. Interest rates can be higher for smaller amounts or for some customers with outstanding credit problems.
Notes: this calculator takes no account of :-
- Whether you require open or closed bridge finance.
- The size of loan, amounts less than £100k may attract a premium.
- Loan to Value restrictions can apply to amounts over £500k or £1m.
- Your individual circumstances and previous credit history.
- Circumstances where value is being added to the property i.e. if you are a property developer seeking to draw down as work progresses.
- Cost of valuations or solicitors costs.
Contact us today and we'll give you a fast response on whether bridge finance will meet your borrowing needs. Apply on-line here or call 01223 211 613.
Eland Business Services Limited provide this calculator to indicate the potential cost of a bridging loan from the parameters your supply. It does not constitute a quote or that any finance application will be approved.
As "bridging loan brokers" we have successfully arranged short term funding of many property related deals for our clients. Here are just a few bridging finance case studies that you may find of interest [more details].