Bridging Loan Payments Calculator

The monthly payments of bridging loans can vary greatly, as can the total amount you repay – we will search our panel of lenders to get you the lowest costs possible.

Bridging loans only ever repay the interest for borrowing, not the capital. We will help you with your method of repaying the capital.

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The bridging loan calculator will provide you with two figures:

  1. The monthly interest payment
  2. The total amount payable at the end of the loan term

There other costs associated with a bridging loan (e.g. lender fee) and different ways of paying your bridging finance, which may alter the monthly and total amount you need to repay. Ask our advisers for a personalised illustration.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR BRIDGING LOAN.

Information about bridging loan payment calculations...

Calculating monthly payments on a bridging loan

There are two ways of paying interest on a bridging loan and, therefore, two ways of calculating bridging loan payments:

  1. Serviced payments
  2. Rolled up interest

One thing common to all bridging loan payment calculations is that, you only ever repay the interest the lender charges. The capital remains due at the end of the loan term.

We will not arrange a bridging loan without the "exit route" being in place (we can also assist with this, if it is a buy to let mortgage or a commercial mortgage).

Serviced payment calculations on a bridging loan

This option gives you the maximum borrowing on day one. Monthly payments on a serviced bridging loan are calculated based on paying the interest monthly. The capital lump sum must be repaid at the end of the loan.

This method of borrowing suits customers who will have a consistent, regular cash-flow, throughout the lifetime of the loan and will be able to service monthly payments without over-extending themselves.

Calculating rolled up payments on bridging finance

Taking out a bridging loan with rolled up payments means you do not repay interest during the lifetime of the loan. Instead, interest owed on a rolled up bridging loan is calculated at the time of application and charged at redemption of the loan (not monthly).

It is important to understand that, when calculating costs on a bridging loan with rolled up interest, the total borrowing must be within the lenders loan to value restrictions - e.g. to calculate the amount you can borrow, you must include the amount of borrowing plus the rolled interest owed, which in total can't go over the maximum loan to value.

Calculating bridging loan borrowing, based on the maximum loan to value

At present, bridging loans are calculated at the the maximum loan to value we can currently access of 75%. This means that you will have to put down 25% of the property value.

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