Our loan calculator is specifically designed to provide an estimated guide to all the cost related to short-term loan facility. The bridging loan calculator with help you plan your financial requirements with an idea about interest rates that you will have to repay at the end of your bridging loan.
We have designed a very simple and easy to use loan calculator that will allow fast calculation of loan and fees to value (LTV). Our expert team will guide you through the total cost of bridging loan and provide with a clarity of how the bridging loan normally works.
When applying for a bridging loan, you should keep in mind that as this is a short-term loan option, it might yield high-interest rates than the traditional mortgage options. The rate varies, depending on the amount you want to apply for and might extent monthly interest rates. E.g 1.5% per month leading to 18 annual percentage rate.With monthly rates starting at 0.75%, our valued customers can borrow from £25,000 to £10 million with a timeline of 1-12 months.
Normally the bridging loans in the UK are applied for either a commercial or residential property. People get confused about the cost which involves the interest that has to be paid along with the bridging loan. The interest rate varies from the sum to sum depending upon the purpose of the loan.There is mainly three kind of bridging loan interests across the UK :
Investors have been using bridging finance options for a long time as it`s one of the most convenient and flexible finance options. Being able to make a purchase of a property quickly, they get the benefit of finalizing the deal at best price before their competitors. With our bridging finance calculator, you can take profitable finance decisions.
Morphy`s bridging loan specialists will provide you with a very smooth loan experience. We usually take 24 hours to process the loan application and if your application meets all the loan terms, the funds will be released within about 5-7 working days.