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Open Bridging Loans Call 0117 313 6058

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 0.94%
Rate type: Fixed 24 months
Monthly cost: £561.24 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Nationwide BS logo 0.94% Fixed 24 months 3.3% APRC 60% £999 £561.24 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 0.95%
Rate type: Fixed 26 months
Monthly cost: £561.92 per month
Max LTV: 60%
Product fee: £1,499
Overall cost for comparison: 3.9% APRC
Platform logo 0.95% Fixed 26 months 3.9% APRC 60% £1,499 £561.92 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.98%
Rate type: Fixed 26 months
Monthly cost: £563.95 per month
Max LTV: 60%
Product fee: £1,999
Overall cost for comparison: 3.7% APRC
Cumberland BS logo 0.98% Fixed 26 months 3.7% APRC 60% £1,999 £563.95 per month get quotes Call us0117 403 4474
Initial rate: 0.99%
Rate type: Fixed 24 months
Monthly cost: £564.63 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Progressive BS logo 0.99% Fixed 24 months 3.9% APRC 60% £995 £564.63 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474
Initial rate: 1.00%
Rate type: Fixed 27 months
Monthly cost: £565.31 per month
Max LTV: 70%
Product fee: £999
Overall cost for comparison: 3.0% APRC
Santander logo 1.00% Fixed 27 months 3.0% APRC 70% £999 £565.31 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.02%
Rate type: Fixed 26 months
Monthly cost: £566.67 per month
Max LTV: 60%
Product fee: £995
Overall cost for comparison: 3.9% APRC
Skipton BS logo 1.02% Fixed 26 months 3.9% APRC 60% £995 £566.67 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 25 months
Monthly cost: £568.71 per month
Max LTV: 60%
Product fee: £999
Overall cost for comparison: 3.3% APRC
Barclays Mortgage logo 1.05% Fixed 25 months 3.3% APRC 60% £999 £568.71 per month get quotes Call us0117 403 4474 Broker Only Deal
Initial rate: 1.05%
Rate type: Fixed 27 months
Monthly cost: £568.71 per month
Max LTV: 65%
Product fee: £999
Overall cost for comparison: 4.3% APRC
Leeds BS logo 1.05% Fixed 27 months 4.3% APRC 65% £999 £568.71 per month get quotes Call us0117 403 4474 Broker Only Deal
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Open Bridging Loans

Our Bridging Loan Service

Special features of what we offer include:

  • Bridging Loans from £50,000 to £15 million
  • Term - From 1 to 36 months
  • Bridging loans for individuals, limited companies, sole traders and partnerships
  • Interest roll up schemes
  • Whole of market service - we work directly with UK bridging lenders
  • Lowest Rates - Access to leading bridging loan deals
  • Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.

To investigate your bridging loan options call our team on 0117 313 6058 or fill in our call back form.

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We can provide bridging loan options and then provide mortgage solutions once the bridging loan is no longer required.

Bridging Loans 

Bridging loans

A bridging loan is a short-term loan that has the ability to give you access to adequate property finance within a small amount of time. Bridging loans are often used to temporarily ‘bridge’ the gap when there is a shortfall in funding.

You can opt to ‘roll-up’ the interest to pay at the end of the term of finance with a bridging loan. This can enable you to stay flexible, avoid monthly interest payments and use your bridging loan for the purpose it was intended. If you choose to ‘roll-up’ your interest until the end of the term of finance, you will pay the entire loan and interest upon completion of your exit plan.

A clear exit plan is a pre-requisite for any bridging loan. Every bridging loan lender will require you have an exit plan in place prior to your application. An exit plan is merely the strategy you will employ to repay the loan at the end of the term of finance. An example of an exit plan is getting long-term finance, such as a mortgage, in place.

Open bridging loans

There are two types of bringing loans: open bridging loans and closed bridging loans.

With open bridging loans the lender will not set a deadline for the repayment of the loan. Open bridging loans are usually a more expensive financial product because they expose the lender to more risk, as the lender does not know exactly when the loan will be repaid.

If you require finance quickly and you are confident that you can repay it at some point in the near future, then you could use an open bridging loan.

Next steps

If you need an open bridging loan, call us on 0117 313 6058 or complete our request callback form
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Call or Request Callback for our Bridging Loan Service

Call us for a FREE initial conversation on 0117 313 6058 about your bridging loan rates options or request a callback.

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Bridging Loans