Speed is often a priority when looking for a bridging loan, so getting a quote online can be an attractive option. An online quote will quickly give you an idea of how much you are likely to be able to borrow and how much your bridging finance is likely to cost you.
We offer our own bridging loan online quote service, giving you a fast, hassle-free way to find the money you need.
When looking at online quotes for bridging loans, the key things to look at are:
The arrangement fee (normally 1-2% of the capital amount, charged when you first take out the loan)
The exit fee (normally 1-2% of the capital amount – not all lenders charge exit fees)
The interest rate (and whether this is monthly or can be rolled-up and paid in a lump sum when you repay the capital)
The total amount repayable (this will usually depend on how long it takes you to repay the loan)
Other things to look out for include:
Fees for early repayment
The option of a repayment holiday
A drawdown facility (allowing you to only take the money as and when you need it and only pay interest on the amount you have already taken)
Our free bridging loan calculator offers a fast, easy way to get a bridging loan online quote so you can quickly find the most affordable interest rates and fees on bridging finance. Just plug in some basic details of the amount you need to borrow and your personal finances to see the best deals available.
Ready to apply for a bridging loan? Get in touch with our friendly expert team of loan brokers using the contact form on the right or by calling 0117 313 6058.
For a FREE initial conversation about your mortgage options complete our short enquiry form.
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Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.