BRIDGING FINANCE QUOTE FREE UK

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    Bridging Finance Quote

     

    Are you looking to for short-term funds immediately to complete your property purchase, or buying industrial equipment? No problem. Connect with one of our executives online or through the phone, and they will quickly work out the best costs of bridging finance for you. As one of the prominent bridging loan providers in the UK, we have access to all the leading lenders in the UK. Our experts use their knowledge, tools and experience, so they can get you in touch with the best suitable lender at the best available interest rate, taking all your circumstances into account.

    Often lenders use bridging loan calculator to give you a rough idea about how much you can borrow instantly through bridging loan. However, the interest rates, arrangement fees and other charges may vary from lender to lender. For an accurate bridging finance quote, we strongly recommended speaking with one of our experts who can help you get a favourable quote online based on your unique sets of circumstances and needs.

    Before you take out a bridging loan, it is important to understand that bridging loan is secured finance and it cost depends on a number of factors. Some of them are:

    Loan-to-Value – Loan-to-Value simply means the total amount needed to be divided by the value of the property. The lower the LTV, the lower the interest rate you will have to pay on the loan. This figure is important to consider as often the maximum loan will be limited by the maximum LTV available.

    Total Interest – The total interest is the total amount of interest charged over the period of the loan. This is usually added to the loan when the amount is paid back. Alternatively, it can be deducted from the loan, meaning the cost of the interest is reduced from the final loan value.

    Lender fees – Bridging finance lenders will usually charge an arrangement fee of 2%. This fee depends on the number of properties involved and may vary from lender to lender.

    Loan exit fees – Some lenders charge exit fees for their facility, which can be anything from 1% to 2%. If they are charged, they are payable at the time of loan redemption.

    Your best course of action when looking for bridging finance in the UK is to speak with an expert, like BridgingFinance4U. We have years of experience in this industry, meaning we can help you get the best bridging loan quote that matches your requirements.