Compare Bridging Loans & Rates

Each bridging loan lender in the UK has its own list of bridging loan criteria that a borrower has to fulfil to qualify for a loan. Some lenders look for low-risk borrowers, while others have niche areas they specialise in and can facilitate. 

As a rule, there are two essential criteria you'll need to meet:

• You will need to have a form of security (or deposit for your bridging loan) - usually one or more properties or an asset that the loan can be secured against.
• You will need to have a solid exit strategy to repay the loan. A lender will want to know how you will repay the loan by the end of the agreed term. In most cases, this is either be through selling the property, selling another property, or refinancing with a traditional mortgage loan.

Since the loan is secured against property or other collateral, a lender won't need proof of income. Equally, your credit history won't affect an offer as long as any outstanding debts or adverse credit doesn't impact your ability to repay the loan. However, if you do have a bad credit rating, you may have to pay higher interest rates.

There is a range of different costs involved with bridging finance. What your exact bridging loan cost will be depends on the complexity of your case, your loan size, and other factors.

Here’s a list of bridging loan costs and how they work:

• Bridge loan interest rates
• Valuation fee for any properties (we can negotiate a £99 automated valuation option for properties up to £1 million)
• Legal fees (can be around £850)
• Broker fees (typically £495 but varies depending on complexity)
• Facility/arrangement fees (typically 2% gross of the loan)
• Drawdown fee (doesn't always apply but typically £295)
• Exit fees (can be 1.25% of your loan size, but at Clifton Private Finance we try to avoid working with lenders that charge exit fees)

The interest you repay on your bridging loan is calculated as a monthly rate instead of an annual rate, like with a standard mortgage.

This is because you may not hold your bridging loan for a whole year, and most bridging lenders allow you only to pay interest on the months you’ve held your loan if you repay it early.

Because of the short-term nature of bridging finance,  interest rates are usually much higher than a typical mortgage, but you only need to pay the rate for a much shorter period.

Your bridge loan rates will be affected by several factors, including:

• Your loan to value ratio (LTV)
• How much do you want to borrow, and for how long (for example, we can source lower rates for bridging loans over £750,000)
• The condition of the property and what you’re planning to do
• Whether it’s a regulated or unregulated bridging loan
• The location of the property
• Your credit history

You can borrow up to £25m with bridging finance, but it’s typically capped at about 80% of the value of the property you’re using as security.

It's important to note that different lenders have varying policies and criteria regarding the maximum loan amounts they offer for bridging finance. Some lenders have a maximum limit of over £1 million, while others may specialize in smaller loan amounts.

Additionally, the terms and conditions of the loan, including interest rates and fees, should also be taken into consideration when determining the overall affordability of the bridging loan.

You can get a fast bridging loan within 72 hours.

However, not all bridging loans can be arranged this fast, and it depends on your situation and the properties involved.

You’ll also likely need a broker to push an application through this fast, and it may incur additional fees from your lender and solicitor to expedite your case.

On average, most bridging loans take between 3 to 6 weeks to arrange, and this is a more standard timeframe.

• We have secured over £1Bn of finance for 1000s of happy clients
• Dedicated and qualified bridging loan team (who advise on bridging all day everyday)
• Award winning from industry leading bodies

We're an independent company registered in England, and the Financial Conduct Authority regulates us. We have access to the best loan rates in the market for both authorised and regulated lenders, as well as private lenders, for unregulated transactions where speed is often of the essence.

We know the short-term finance market very well and can find the right finance for your situation. If you need longer-term finance to replace bridging finance once your term ends, we can also arrange that for you.

Our free bridging loan calculator is a useful tool for getting an indicative quote, but we recommend talking to us about what you're trying to achieve to get a bespoke quote for your requirements. We provide holistic, regulated bridging loan advice that looks at your entire financial situation for the best solution.