The Importance of Data Accuracy
Although our calculator will always provide accurate figures, the output will only ever be as realistic as the details that are input.
When considering the terms to input, it is realistic to use the terms as set out below, assuming your circumstances are straightforward and your credit history clean. Of course, bridging finance lenders are generally flexible and will allow for some complications, but if your circumstances are particularly complex, it may be worth calling us for a quote as realistic terms may be hard to predict.
In general, for a straightforward application, it is safe to use the monthly interest rates above when using the calculator. Of course, not all our applications are written on the products above, so they are best used as a guide only.
Inputting the Lender Arrangement Fee & Lender Exit Fee
Most bridging loans are subject to a lender arrangement fee of 2% of the loan amount. When using our bridging finance calculator, this is generally the safest figure to input.
As an independent bridging finance broker, we will always do our best to reduce the cost of finance where possible, and as such, we may well be able to negotiate a discount to 1.5%, or even 1% on occasion.
Reductions in lender arrangement fee are more likely the larger the loan is. Lender exit fees are more difficult to quote, as they tend to vary from lender to lender. As we’re always looking to reduce your costs, there is a good chance we will be able to fund your application without a lender exit fee.