Bridging Loan Rates

Below we listed some general information about lenders and bridging loan rates.

Compare rates of different lenders

Lender Max LTV Term RATE
Residential properties and Buy to Lets
75% LTV
Up to 12 months (can also be converted to a 3 or 4 year term loan)
Rates from 0.69%
Land/with or without planning permission
60% LTV
Up to 12 months
Rates from 1.25%
Commercial property
Commercial property
up to 12 months
Rates from 1.0%

Please note above figure may be changed by lender at any time and should be treated as guidelines only.

Used terms:
LTV - Loan to Value (LTV). The size of the mortgage compared with the value of the property i.e. a 60,000 mortgage secured on a 100,000 house is 60% LTV.
OMV - Open Market Value (OMV). This is the normal selling price of a property as dictated by an estate agent or surveyor.
90 Day - 90 day value. This is a reduced selling price used by some bridging loan lenders to calculate how much they will lend and is usually listed as 90% of the OMV i.e. if a property is valued at 100,000 OMV then the 90 day value is 90,000.