Free business tool
Bridging loan calculator
Work out the real cost of a bridging loan: the gross loan, interest whether paid monthly, rolled up or retained, the fees and the loan to value at the end of the term.
How the calculator works
Arrangement fees and retained interest are usually added to the loan, so the gross loan is higher than the money you receive. The calculator works out the gross loan, the interest for the term and the total amount to repay, using simple monthly interest. Some lenders compound interest, which costs a little more.
Important information
Indicative only - not a quote or an offer of finance. Bridging loans that are not secured on your own home are not regulated by the Financial Conduct Authority. Your home or property may be repossessed if you do not keep up repayments on a loan secured on it.
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Q&A
Questions & answers
What is retained interest?
The lender deducts the interest for the whole term from the loan at the start, so there are no monthly payments.
What is a typical bridging loan rate?
Rates are quoted monthly and depend on the property, loan to value and your experience. Always compare the total cost including fees.
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Talk to an independent financial adviser in St Albans. Call 01727 223251 or send us a message.