FAQsHow much can I borrow? We are not allowed to give any form of financial advice, however, typically, bridging loans tend to start at £25,000.00 with practically no upper limit. However, some lenders tend to start borrowing at £250,000 for commercial financing. All loans are based on the any property used as security. Are there early repayment penalties? No, bridging loans are designed to be paid off quickly. The sooner you pay it off, the less less you pay in interest rates. What are the rates of interest? You would have to check with the lenders themselves. Typically it can be any where between 0.95% and 2% charge monthly, similar to how a credit card works. |
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Cheap bridging loans
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