How much will a bridging loan cost?
The cost of bridging loan funding is a common question. Use our service to get a bespoke quote for your circumstances.
Bridging loans are a form of short-term finance seen as reasonably high risk by most lenders. As a result, they tend to charge higher interest rates than with many other forms of borrowing. This means bridging finance can be a relatively expensive way to borrow, so getting the very best deal from your lender is important to help keep your monthly repayments down.
It is important to remember that bridging loans are usually offered for a maximum term of 12 months (although some lenders may consider terms of up to 3 years). Therefore, it is really important to have a plan in place to repay the money promptly before taking out bridging finance.
Get help with the cost of a bridging loan
It is highly advisable to use a professional bridging loan broker to keep the costs of your short-term loan down. They will have access to specialist lenders offering deals unavailable to regular borrowers. You can find the best rates available to help keep your repayments as low as possible.
A bridging finance broker can also speed up the process of accessing the money you need and take most of the hassle out of the equation, making applying for a bridging loan fast and fuss-free.
Find the best rates on bridging loans
Fair Loans team of specialist bridging loan brokers can help you access market-leading rates on short-term finance. With contacts at all the leading lenders, including those not available on the high street, we can find you the most affordable bridging finance deals on the money you need quickly and with minimal fuss.
To learn more, simply fill in the contact form above or call Fair Loans on 0117 313 6058.