top 10 Bridging finance lender rates
Here are some the top 10 bridging finance rates as of June 2020 we have access to dozens of lenders and private finance companies, too many to show here, but this gives you a flavour of what finance rates you might expect to pay.
Bridge1
Code BPM0106-
1st Charge
-
£250k - £2m
-
Max 55% LTV
-
1 - 12 months
-
Unregulated only
Bridge3
Code BUT0106-
1st / 2nd Charge
-
£250k - £3m
-
Max 65% LTV
-
3 - 18 months
-
unregulated only
Bridge5
Code BAF0104-
1st / 2nd Charge
-
£50k - £1m
-
Max 60% LTV
-
3 - 12 months
-
Reg & Unregulated
Bridge7
Code BAF0206-
1st / 2nd Charge
-
£150k - £1m
-
Max 75% LTV
-
3 - 12 months
-
Reg & Unregulated
Bridge9
Code BHT0506-
1st / 2nd Charge
-
£500k - £5m
-
Max 50% LTV
-
3 - 18 months
-
Unregulated Only
Bridge6
Code BAF0104-
1st / 2nd Charge
-
£50k - £1m
-
Max 70% LTV
-
3 - 12 months
-
unregulated only
Bridge10
Code BHT0506-
1st / 2nd Charge
-
£500k - £10m
-
Max 60% LTV
-
3 - 18 months
-
Unregulated Only
Bridge8
Code BAF0306-
1st / 2nd Charge
-
£150k - £1m
-
Max 55% LTV
-
3 - 12 months
-
Reg & Unregulated
Bridge2
Code BPM0206-
1st Charge
-
£50k - £350k
-
Max 50% LTV
-
1 - 12 months
-
Reg & unregulated
Bridge4
Code BUT0107-
1st / 2nd Charge
-
£50k - £1m
-
Max 60% LTV
-
3 - 12 months
-
Regulated only
example bridging loan rates table
The above are some Examples bridging loans lender interest rates, we have access to lots of lenders and private finance companies, too many to show here, but this gives you a flavour of what finance rates you might expect to pay.
We can help you build your proposal to best match a particular finance company. As you can see and would expect the rates vary widely, mainly based on the risk and loan to value of the bridging finance. The more experienced a builder you are and the lower the LTV lending then the lower the interest rate. Don’t forget we would help you structure the development loan into drawdown stages, such that you reduced your overall interest costs as well.
Been turned down for finance as the site was downvalued ? then get in touch as we have access to experienced qs surveyors that will reflect realistic land values.