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Bridging Loan.co.uk is a trading name of Top 10 finance Ltd is authorised by The Financial Conduct Authority (FCA) no 725234 The FCA   Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. We are registered and comply with the Data Protection Act (1998). Registration No: Z2861884 Company registered in England number 06261373.  Privacy Policy

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Shawbrook Bridging Loans

 

Shawbrook Bridging Loan, Shawbrook Bank is a recently formed challenger bank so called because it was formed after the financial crisis, it offers both retail and commercial financial products to customers throughout the UK, including bridging loans, residential mortgages, commercial mortgages and property development finance, bridging loans are a short-term financial product the is secured against a property either residential or commercial with loans starting at £50,000 with no real upper limit, bridging finance is offered as a percentage of the property value so as long as it meets the lenders lending criteria they will lend up to that value.

 

Shawbrook Bank Bridging Loans

 

With a bridging loan interest is quoted as a monthly percentage so at 4% per month you will pay 4% each month for the time the loan is outstanding, and when you redeem the loan the calculation is only based on the actual amount of days that the loan was outstanding, in addition to the interest payment you will also have to pay for a valuation of the property that you intend to offer the lenders for security on your loan, this can be as little as £300 but will increase in accordance with the value of the property you wish to borrow against, as well as this the lender will expect you to cover both yours and their legal fees for preparation of the loan, to cover due diligence and checks against the property for outstanding charges etc, finally you will need to pay the lender a fee for arranging the loan this is 2% of the amount you borrow.

 

Shawbrook Bank Bridging Loan

 

As well as Shawbrook bank their are numerous other lenders who offer bridging finance and you should make sure your broker compares all of the lenders as we do, this will ensure you get a loan that is suitable for your circumstances. Bridging loans are non status so even if you have bad credit registered against you it will not affect your ability to obtain finance, furthermore it is easy to apply for a loan unlike a traditional personal loan or mortgage.

 

As a specialist broker, we will compare all of the lenders in the UK to ensure you get a quote that matches your circumstances, although these loans are taken out as short-term loans they can sometimes take longer than expected to get paid back, so a competitive interest rate is just as important as a longer-term loan.

 

 

What Next about your Bridging Loan?

 

Contact us to go through all of the options that are available to you can use chat, our web form or give us a Call 0800 138 6001 any time day or night and at the weekend.