Upsizing your home and the cost involved
Upsizing
Trades and professions supporting the property industry are working hard to adapt to the “work from home” business environment.
Sam O'Neill
Bridging loan calculator
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*This could be multiple properties
Your Borrowing
How much do you want to borrow?
Loan Required
£100k
£100,000
£5m
⚠ This is an Example of a Warning Text
The total current approximate value of all the properties you wish to use as security for the loan. If you are buying before selling this should include the value of the property you have yet to sell.
Property value to be used as security*
£0
£0
£5m
⚠ This is an Example of a Warning Text
Are the properties still mortgaged? Do you have any loans against them?
Do you have any current charges on the property(s)?*
*Such as an outstanding mortgage or current bridging loan
How much outstanding debt do you have?
Outstanding charges /mortgages amount
⚠ This is an Example of a Warning Text
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Last Step - Get a bespoke quote
Your Borrowing
This is a tooltip
Loan Required
£100k
£100,000
£5m
This is a tooltip
Property(s) Value*
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Do you have any current charges on the property(s)?*
*Such as an outstanding mortgage or current bridging loan
This is a tooltip
Outstanding charges /mortgages amount
Your Loan Quote
Loan Required
£50,000
12 Months
Interest is charged on a monthly basis and usually rolled up. You do not need to pay back the interest until the end of the loan term.
Monthly Interest Rate
£40,000
£40,000
£40,000
The term of the loan
Loan Term
12 Month(s)
The LTV (loan to value) is the total borrowing (including existing mortgages), rolled up interest, lender facility fee & admin fees divided by the value of the property(ies) on which the loan(s) are secured. Typically lenders will go up to 70% LTV, a few may consider 80% LTV. The higher the LTV the higher the interest rate.
Your LTV
72%
1 Month
12 Month(s)
12 Months
Your Loan Costs
A third party survey will need to be made of your property (ies) to confirm the market value. This fee is paid directly to the surveyor or lender. A desktop valuation will be done where possible to save time and money.
Valuation fee:
£690
A lender will require you to meet their legal costs in arranging the loan.
Solicitor fee:
£1,440
Most lenders will charge a 2% facility fee of the gross or net loan.
Lender facility fee @ 2%:
£1,029.42
Will vary from lender to lender. Can include drawdown fees and redemption fees for withdrawing a legal charge once the loan is repaid.
Admin fees:
£155
We charge a £495 fee for arranging the loan on your behalf. For more complex cases this may be increased with your agreement.
Our Arrangement Fee:
£495
This is the cost of the loan including the lender facility fee and accumulated interest over the loan term.
Total Loan Cost:
Yes
Yes
* Please note, these figures are representative only. Please chat to us to receive a personalised quote.