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How much does a bridging loan cost ?
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Hi, How much would a bridging loan for around �250,000 cost, and how quickly could it be set up ? Thanks
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For more on marking an answer as the "Best Answer", please visit our FAQ.normally set up in around 10-14 days maximum (as little as 7 days)
Costs depend on situation - usually completion fee betwwen 1-2%
Interest of between 1.25% - 2% per month
Legal fees circa �750.00 + VAT
Some companies charge a processing fee as well.
Will also generall require a survey that you pay direct to local surveyor
Be very wary of fees especially exit fees (can be as much as 2 months)
try here and contact them for further info
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