100% Recommend

Simon Nicholson

Expertly compared by Simon Nicholson

Products Updated September 2, 2021

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good range of lenders and products

by Paul Johnson

Good range of lenders and products and rates around 75% LTV.

Helpful staff

by J Davidson

Helpful staff and knowledgeable in what products are available.

Use Our Bridging Loan Calculator and Get The Best Terms Today!

If you are looking for bridging finance, you can see how much you can borrow and how long for using our bridging loan calculator. With rates from 0.69% per month and LTVs available up to 100%, we are in a great position to help you find the right bridging loan for you today.

Simply choose the loan amount and duration and check your eligibility with Lending Expert. We work with a range of bridging lenders in the UK who can help you find the best rates and terms.

So whether you are looking to purchase a property under a tight deadline or a buy-to-let opportunity, we can help! We require a few basic details about you and your desired property, but can often provide indicative rates on the same day and help you to receive funds as quickly as possible.

To speak to an advisor, call us today on 0161 820 8099.

 

Check My Eligibility

 

What is a Bridging Loan?

A bridging loan is commonly used by property developers and homeowners who are looking to buy a property fast or under a strict deadline., since using a bridging loan makes you a cash buyer. 

With a bridging loan, you can borrow money within 2 to 4 weeks and use the funds immediately to make the property purchase. Loans are available ranging from £50,000 to £25 million, repaid over 3 to 24 months and usually cleared in full once the property has been sold or has been refinanced under new terms.

This type of secured loan is often considered as an alternative to a mortgage and is used for short term purposes only. Your property is at risk of repossession if you do not keep up with repayments. 

 

See useful guides:

Can I use a bridging loan to buy a house?

How much does a bridging loan cost and what are the fees?

How to use bridging to buy property at an auction

 

What Are Bridging Loans Used For?

  • For developers looking to buy a property to fix-up
  • For buy to let and renovation opportunities
  • To buy a property at an auction (funds needed within 28 days)
  • For homeowners looking to move home before selling their own
  • For businesses looking to raise funds

 

How Much Can I Borrow with a Bridging Loan?

With a bridging loan, you can borrow £50,000 to £25 million and the amount you can borrow will depend on the value of the property, its condition and its potential value. You will usually need to provide clear costings and funding requirements to be approved. 

Using our bridging loan calculator, you can use the buttons provided to choose how much you wish to borrow and how long for. Lending Expert works with a number of bridging loan companies in the UK, so you find the most competitive terms in one place, without having to apply with each lender individually. 

 

What is the Eligibility Criteria?

  • Over 21 years of age
  • UK resident
  • Based can be based in UK or abroad
  • Have a business plan, with costing and funding requirements
  • Experienced property developers welcome
  • Have an exit strategy
  • Self-employed, sole traders and full-time employed accepted
  • Bad credit and non-status considered

 

Check My Eligibility

 

What is the Maximum LTV Available? 

Most bridging lenders offer a LTV of 70% to 75% of the value of the property and you are required to fill the remaining balance through savings or funds raised elsewhere. 

Depending on the project, you may be able to borrow bridging loans at 80%, 90% or 100% LTV – but this could be assessed on a case-by-case basis.

 

Why Should I Use a Bridging Loans Calculator?

Bridging finance is quite a specific and relatively new form of financing – and using a calculator can help you do your research and find the best rates.

Finding the right margins can be key when it comes to using bridging, especially if you are a property developer. You want to avoid paying too much for your loan, borrowing too much or too little.

Using our calculator can help you narrow down your searches and find the right lender for you based on approval and also the best terms to suit your requirements. 

 

Is Your Bridging Loan Calculator Free to Use?

Yes, our calculator for bridging loans is completely free to use and our website is free to use too and you can receive indicative terms from your chosen lender today.

Our entire comparison site is free to check your eligibility. However, if your bridging loan deal is approved, we may take a small fee by way of introduction.

 

Do You Offer Bridging Loans with Bad Credit Histories?

Yes, our bridging loan lenders are willing to consider bad credit histories and we also work with non-status lenders – which means that they look at your project and its potential value, rather than your credit score.

We also offer loans for people who are self employed, sole traders and limited companies.

 

How to Use Our Bridging Finance Calculator and How to Apply Today

To get started with Lending Expert’s bridging loans calculator, simply use the buttons provided and choose how much you wish to borrow and how long for. Search through the comparison table and compare rates and terms from our partnered lenders. 

We are pleased to offer one single place to find the best bridging rates and we are delighted to help find the right lender for you.

To speak to an advisor, call us today on 0161 820 8099.

 

Check My Eligibility

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