If you borrowed £258,000 over a 1-year term at 8.25% p.a. (fixed), you would make 12 monthly payments of £1,814.28 and pay £285,666.36 overall, which includes interest of £21,771.36, a broker fee of £995 and a lender fee of £4,900. The overall cost for comparison is 11.1% APRC representative.
Compare residential bridging loan rates
We look at how residential bridging loans can be useful if you need money quickly and what you need to be aware of before taking one out.
Compare bridging loan rates
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