Confused.com Bridging Loan Calculator

Bridging Type

Standard Refurb 2nd Charge

Length of term

1 Month 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months 12 Months 13 Months 14 Months 15 Months 16 Months 17 Months 18 Months 19 Months 20 Months 21 Months 22 Months 23 Months 24 Months

The number of months you need the loan for.x

How many Security Properties *

1 Property 2 Properties 3 Properties 4 Properties 5 Properties

This is the number of properties that will be used as collateral for the loan. For example, if you want to acquire a new home before selling your present one, it may be more advantageous to charge the bridging loan over both properties to receive the highest rate available. The smaller the LTV, or loan size, relative to the value of the security, the better the rate.x

Security Property 1 Valuation *

£

This is the market value of the property on which you would get the bridging loan.x

Valuation Total

£

Net loan amount *

£

The net amount you require for a bridging loan, excluding fees and rolled-up installments, etc.x

Broker charge

£

Initial Loan Value

£

Lender charge (standard: 2%)

£

Assessment charge (standard: £295)

£

This is the amount that the lender adds to the loan to check the case.x

Telegraphic transfer fee (standard: £35)

£

The lender charges a fee for moving payments to your solicitor's bank account prior to completion.x

Total Loan Amount

£

Any outstanding current borrowing
(second charge only)

£

If you have a mortgage that you want to maintain and are searching for a second charge on the property, we need to know the existing mortgage balance because this determines the LTV.x

Loan Calculation Result

• • No. of Months	Interest Monthly	Total Accumulated Loan	Avg Interest per month
    Month 1	£0.00	£0.00	£0.00
    Month 2	£0.00	£0.00	£0.00
    Month 3	£0.00	£0.00	£0.00
    Month 4	£0.00	£0.00	£0.00
    Month 5	£0.00	£0.00	£0.00
    Month 6	£0.00	£0.00	£0.00
    Month 7	£0.00	£0.00	£0.00
    Month 8	£0.00	£0.00	£0.00
    Month 9	£0.00	£0.00	£0.00
    Month 10	£0.00	£0.00	£0.00
    Month 11	£0.00	£0.00	£0.00
    Month 12	£0.00	£0.00	£0.00
    Month 13	£0.00	£0.00	£0.00
    Month 14	£0.00	£0.00	£0.00
    Month 15	£0.00	£0.00	£0.00
    Month 15	£0.00	£0.00	£0.00
    Month 17	£0.00	£0.00	£0.00
    Month 18	£0.00	£0.00	£0.00
    Month 19	£0.00	£0.00	£0.00
    Month 20	£0.00	£0.00	£0.00
    Month 21	£0.00	£0.00	£0.00
    Month 22	£0.00	£0.00	£0.00
    Month 23	£0.00	£0.00	£0.00
    Month 24	£0.00	£0.00	£0.00

No. of Months	Interest Monthly	Total accumulated loan	Avg Interest per month
24	0.00	0.00	0.00

Initial L.T.V

%

Final L.T.V

%

Interest rate charged

%

Total interest charged over the loan term requested

£

Any outstanding current borrowing
(second charge only)

£

Total amount to be repaid at end of loan term

£

Other Charges

Estimated Valuation Cost

Security Property 1 Valuation Cost

£

Security Property 2 Valuation Cost

£

Security Property 3 Valuation Cost

£

Security Property 4 Valuation Cost

£

Security Property 5 Valuation Cost

£

Total Valuation Cost (Estimated)

£

Legal Fees (Estimate)

Separate Dual

Dual Legal cost(incl VAT)(add £100, only)

£

2nd property
(add £100, only)

3rd property
(add £100, only)

4th property
(add £100, only)

5th property
(add £100, only)

Total Estimated Legal Charges
(£100 added based on each additional property)

£

***** Interest rates quoted are subject to status

***** Early repayment may incur charges on certain products

***** Prices quoted on this calculation is not liable for VAT

If you are having problems with obtaining your quote or would like to discuss your quote, please email us or call the number: 0116 402 7982

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Calculations Select Type Required term Number of security properties Valuation of Security Property 1 Valuation of Security Property 2 Valuation of Security Property 3 Valuation of Security Property 4 Valuation of Security Property 5 Total Valuation Net/actual loan amount required Broker fee Total initial loan Lender fee (standard is 2%) Assessment fee (standard is £295) Telegraphic transfer (standard is £35) Total Loan Any remaining current borrowing (for second charges only) Calculator Results Initial LTV Final LTV Interest rate chargeable Average Monthly Interest

Total interest charged over the required term Any remaining current borrowing (for second charges only) Total to payback at end of required term

Other Fees

Estimated Valuation Fee Security Property 1 Valuation Fee Security Property 2 Valuation Fee Security Property 3 Valuation Fee Security Property 4 Valuation Fee Security Property 5 Valuation Fee Total Estimated Valuation Fee

Estimated Legal Fees Dual Legal fees(incl VAT) 2nd property (add £100 only) 3nd property (add £100 only) 4nd property (add £100 only) 5nd property (add £100 only) Total Estimated Legal Fees(£100 added for each additional property)

If you are struggling to obtain a quote or would like to discuss your quote, please get in touch or call us on 0116 464 5544 In bridging finance, monthly payments are not normally required unless requested. Instead the borrower receives the net loan amount and on repayment of that loan also repays any interest generated whilst the loan was outstanding.

***** Rates quoted are subject to status ****** Early repayment charges may apply on certain products **** Prices quoted on these sheets are not liable for VAT

Over the years, Confused.com has branched out into a much broader range of comparison services for private borrowers and commercial customers.

Today, just a few of the site’s areas of expertise include car insurance, home insurance, mobile phone insurance, life insurance, van insurance, content insurance, gadget insurance, critical illness cover, motorbike insurance, building insurance, pet insurance, health insurance, multi-car insurance, landlord insurance, mortgages, travel insurance, car finance, and many more.

However, Confused does not currently offer any comparison service for bridging loans or bridging finance services in general. Advice on personal loans and mortgages is available, but bridging loans are not currently included in the services provided by Confused.com.

Flexible bridging loans from UK Property Finance

At UK Property Finance, our goal is to simplify the process of finding and securing the most competitive bridging loan deals for all purposes. Our experienced team provides a full range of advisory services for new and existing bridging loan customers, along with full representation and support throughout the application process.

Bridging finance is a fast and flexible short-term facility, providing access to significant sums of money with none of the usual delays. Whereas a conventional mortgage may take weeks or months to arrange, bridging finance can be accessed within just a few working days.

Over the years, Confused.com has branched out into a much broader range of comparison services for private borrowers and commercial customers.

This makes bridging finance ideal for covering urgent costs or taking advantage of time-critical purchase and investment opportunities. From picking up investment properties to funding major renovations to resolving temporary cash flow issues at work, a short-term bridging loan could be just the thing.

For more information or to discuss the benefits of bridging finance in more detail, contact a member of the team at UK Property Finance today.

Complete bridging loan market comparisons

UK Property Finance provides a specialist market comparison service that goes beyond the limitations of conventional comparison sites like Confused. Specialising in bespoke financial products to suit all requirements and budgets, we work with an extensive panel of approved lenders across the UK.

Along with all mainstream banks and lenders, we also work closely with a broad range of bridging finance specialists to help our clients access unbeatable rates. Our team will help you prepare and present your application to the lenders that best suit your requirements while negotiating on your behalf to minimise borrowing costs.

A bridging loan can be extremely cost-effective when repaid as promptly as possible. They are charged at a rate of around 0.5% or less per month.

No matter how complex or urgent your requirements are, we will do whatever it takes to organise the fast-access bridging finance you need to get the job done. Call anytime for an obligation-free consultation, or email UK Property Finance, and we will get back to you as promptly as possible.

Since most bridging loan lenders do not deal directly with the public, you will typically need to go via a loan broker in order to obtain a bridge loan. The majority of high street banks handle bridge loans through distinct companies that are only available through brokers.

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