Winner Best Local Building Society 2018
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YOUR  MORTGAGE WILL BE SECURED ON YOUR PROPERTY AND YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MORTGAGE PRODUCTS ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY EXCEPT SECOND/HOLIDAY HOME, BUY-TO-LET AND RESIDENTIAL DEVELOPMENT, WHERE THE BORROWER DOES NOT RESIDE ON SITE DURING THE DEVELOPMENT PERIOD.

Residential Bridging

THIS INFORMATION IS FOR USE BY AUTHORISED INTERMEDIARIES ONLY

Contact us: 01582 463133 | brokers@harpendenbs.co.uk

RESIDENTIAL BRIDGING
Max Term
1 Year
Variable Rate Interest-Only
6.19% (Fixed)
Available for
Purchase, Re-Mortgage, Release of Equity
Repayment Type
Interest-Only
APRC Interest-Only
8.8%
Min/Max Mortgage
£75,000 - £2,000,000
Max LTV Interest-Only
60%
Arrangement Fee
By arrangement (Minimum £1,000)
Admin Fee
£100 (Refunded upon completion)
ERCs None
REPRESENTATIVE EXAMPLE
An Interest-Only mortgage of £321,600 payable over 1 year on a Fixed Rate of 6.19% which is our Standard Variable Rate currently 4.19% with a loading of 2.00%, this would require 12 monthly payments of £1,658.92

The total amount payable would be £348,542.04 made up of the loan amount plus interest (£19,907.04), an Arrangement Fee of £6,000, an Administration Fee of £100.00, a Valuation Fee of £450.00 (property value £530,000), Legal Fees of £360.00, a Redemption Fee of £75.00 and a Deeds Release Fee of £50.00

The overall cost for comparison is 8.8% APRC

KEY FEATURES
  • No minimum property ownership period
  • Bridging considered for those with investment properties
  • We do not credit score, we offer a manual underwriting process and work with you every step of the way

Get in touch with our Mortgage Team

01582 463133 | brokers@harpendenbs.co.uk

YOUR  MORTGAGE WILL BE SECURED ON YOUR PROPERTY AND YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MORTGAGE PRODUCTS ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY EXCEPT SECOND/HOLIDAY HOME, BUY-TO-LET AND RESIDENTIAL DEVELOPMENT, WHERE THE BORROWER DOES NOT RESIDE ON SITE DURING THE DEVELOPMENT PERIOD.