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Compare Bridge Loan Rates

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Enter your details to compare loans and rates from the all top UK lenders. All our rates are updated daily, so you get the best possible rates – GUARANTEED!

Compare Bridge Loan Rates

Enter your details to compare loans and rates from the all top UK lenders. All our rates are updated daily, so you get the best possible rates – GUARANTEED!

Bridging Loan Rates

Bridging  Loan Rates can vary from day to day, with over one hundred lenders in the UK who offer Bridging Finance, so Bridging Loan Rates can and do fluctuate a lot.

Whilst some high street lenders do offer bridging loans, they are mostly serviced by specialist lenders who entered the market after the financial crisis of 2007, these lenders started out as mostly small lenders using their own and investors funds, however as the demand increased then the need for more equity forced them to seek out institutional investors.

As a result, the most competitive Bridging Loan Rates on offer can and do change according to the level of funds each lender has at any one time, the more cash they have to lend the better the rates. This is why it’s important to compare all lenders before taking out a loan.

We work with all of the main bridging lenders and many smaller niche Bridge Lenders, who specialise in short-term finance and particular types of loan and all set their bridging loan rates according to what they feel comfortable with It could be based on the size of the loan or they just pick out a certain sector that they feel comfortable with. As always you will get the best bridging interest rate from the lender, with a deal that suits their criteria best, this is why our experience, knowledge and also an understanding of your exact requirements will get you the very best rates on the market.

Bridging Loan Rates can be expensive so it is vital that you do proper research in order to get the best rate for your circumstances. Our Finance comparison service tracks all of the lenders who are active in the market, to ensure you have both accurate and up to date rates. Simply enter the amount and your details and then sit back whilst we search all of the bridging loan lenders for your best rates and deals. We monitor all of the lenders in the UK for their bridging loan rates, which in turn enables us to offer you the most competitive rates on a daily basis, whether it is for your existing home or another property you wish to purchase or a loan for property development.

Obviously, when looking at a bridging loan there are a number of other factors to consider the bridging loan rates interest being just one of a selection of other costs that you should be aware of. And it is important to take them all into consideration before making your decision.

The primary cost is the rate of interest on the bridging loan, this is always quoted as a monthly rate I.E 6 % PM and it is almost always rolled up, what this means is that it is not paid monthly as it falls due, the interest charged deduced from the loan amount before you draw it down.

This means that you get a net amount after interest is taken from the agreed advance. In addition to Bridging Loan Interest rates, you will have additional costs such as those outlined below. You can also use our Bridging Loan Calculator to work out exactly what your monthly payment will be, and you can get a bridging loan monthly interest amount.

Arrangement fees

Arrangement fees are also charged by the lender, usually varying from 1-2% of the Bridging loan amount. This fee is not paid before the loan is taken out, it is always deducted when the loan completes so if you had bridging finance of £100k with a 1% arrangement fee you would receive a loan of £99k after the lender has deducted the arrangement fee. You would not normally be charged an exit fee on a bridging loan.

Legal Fees

Legal fees are the costs for both yours and the lenders for setting up the facility. They generally vary from lender to lender and you should always get an indicative quote from both solicitors before instructing them to proceed, failing to do so would be like writing them a blank cheque.

Valuation fee

If a valuation is necessary which it most certainly will be unless you have had one carried out recently that can be updated, then you would be required to pay for a valuation by one of the lenders’ Surveyors. This would normally take anything from 24 hours up to a week to complete. The valuation is usually the only fee that is paid upfront as the valuation must be carried out before the loan is drawn down The surveyor usually contact you directly to arrange access to the property and also to take payment. You should always agree to a price for the valuation before instructing the Surveyor.

Reduced Interest Rates

Interest rates can sometimes change due to a default interest rate being imposed onto the borrower, a default rate kicks in if the borrower goes into default or misses any agreed payment terms or fails to pay the loan back on the agreed date or anything else that puts a borrower into a breach of the lender’s terms. A default interest rate is significantly higher than the agreed rates so it pays to make sure you do not miss payments, pay the loan back late or do anything to allow the lender to impose a default interest rate. You must remember a bridging loan is a debt secured against your home so it is vital not to fall behind or default, especially as a large number of loans, are not authorised and regulated by the Financial Conduct Authority.

Start Here…

Compare Rates Now!

Enter Your Details.

Get A Quote Now!

We compare all of the UK’s Bridging Finance Lenders for you, with over 100 lenders you need to know you are getting the best rates and deals.

Compare Rates Now!

We compare all of the UK’s Bridging Finance Lenders for you, with over 100 lenders you need to know you are getting the best rates and deals.

Start Here…

Call us 24/7: 0800 138 6001

Top 10 Finance Ltd, Rex House 4-12 Regent Street, London, SW1Y 4PE. Tel: 0800 138 6001

Top 10 Finance Ltd is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Data Protection Act (1998). Registration No: Z2861884 Company Number 06261373 Top 10 Finance Rex House 4th Floor 4-12 Regent Street London SW1Y 4PE (c) 2007 - 2018 Top 10 Finance. Sitemap - Privacy Policy - Reviews - Contact Top 10 Finance - Blog

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