Bridging Loan Calculator
Net Loan (£) :
|Valuation fees:||£300 min|
|Lender's admin fee:||£350|
|Lender's legal costs:||£850|
|Telegraphic transfer fee:||£35|
|Redemption admin fee:||£100|
Avoid Surprises by Using a Bridging Loan Calculator
Financing plays a large role in real estate transactions and can often be the deciding factor in obtaining the property that you really want. Timing is always an issue for all parties involved in a property purchase because future plans for both the buyer and seller depend on completing the transaction. As a buyer, there are several steps you can take that will help ensure purchasing a new home is a smooth process and without issues.
Bridging Loan Provider
The first step is choosing the right firm to help you with financing. If you have short-term finance needs and need to secure a bridge loan, then make sure the finance company specializes in this type of loan product. While many providers and even large traditional banks offer bridge loans, finding the best bridge loan requires expert knowledge of the market. It is best to work with a company that reviews the bridge loan and short-term finance market daily, as conditions change very quickly.
Additionally, a fast approval process and clear terms communicated up front are crucial. The loan market can be very volatile and getting from application to funding in the shortest time possible is essential. If a finance company is not well versed in all the bridging loan options available, it could cost valuable time and money.
Use a Bridging Loan Calculator
Finally, be prepared for the financial commitment you are about to make. There are several bridging loan calculators and mortgage calculators available online. Taking a few minutes to review your finances with a few simple calculations might avoid last minute fears.
Of course, if you have any questions or need assistance we are always happy to do what we can. Do not hesitate to contact us if you need a reliable lender that you can trust.