Calculate A Bridging Loan Here

1. Calculate A Bridging Loan Here There’s a useful bridging loan calculator at Mayfair Bridging’s website that calculates repayments on any short term loan you are looking for. Simply enter the value of the property and then the loan amount requested. It will reveal the monthly interest and actual repayment due. Naturally there are limits to the loan in relation to the value of the property and this is normally between fifty to seventy per cent depending on the type of property. The value is based upon the vacant and open market of the property without fixtures and fittings.

2. The flexible approach is something.. The flexible approach is something the banks seem to have lost and each case is dealt with in a bespoke way so that payment terms are clearly set out beforehand. Loans are available for any legal enterprise but all are intended to be short term arrangements. Most importantly with any bridging loan it’s the speed of the offer that counts and normally any online request will receive an answer in principle within an hour. Actual money transfer in most cases is completed within five days whenever possible.

3. There are various repayment deals.. There are various repayment deals and they will all be explained on application. Some prefer to pay a monthly interest whilst others may choose to have the lender withhold three month’s interest from the total loan so the borrower has the rest of the amount without any worries about immediate repayments. Bridging loans are increasingly used in buy to let situations and this market is very buoyant at the moment. The result of the latest general election that sees a government finally with a majority has been a boost to the economy in many ways. In the housing market the very slight pause in growth at the end of 2014 has not lasted and house prices are rising rapidly again particularly in London and the Home Counties.

4. There are countless examples.. There are countless examples on the site about reasons for this sort of loan and they’re not just from individuals. Companies and consortiums may borrow for business purposes. It’s often a case where a bit of cash flow might prevent a business buying particular bargain stock. Sometimes this is bankrupt stock that is clearly selling at rock bottom prices and can be bought and sold at high profit. As long as the loan is assured against property then there is nothing to stop the entrepreneur with sound knowledge of his market to borrow short term

5. For very large loans against expensive For very large loans against expensive property the lending Company will almost certainly want to use their own independent valuation officer. This is just sound business sense and should not delay the process. This company prides itself upon a personal approach and once you fill in the online application you should receive a call from a representative to go over the various points of the loan and indicate the probability of the loan with the various terms and conditions.

6. A good site should always post.. A good site should always post its address and telephone number. It is a bonus if the site is registered with Companies House as you can then have a look who its directors are. If the company has nothing to hide then you are most probably dealing with a bona fide company. If you are using an online retailer and you get to the virtual check out to pay for your goods, you may find that there is a lock symbol and an HTTPS sign rather than just HTTP. This makes the site more secure for using your credit card.

7. Bridging loan calculator

8. Payments are electronically.. All payments are electronically received and no human eyes will have sight of your details. If you are unhappy with your goods when they arrive, you will have some comeback and you should also not be the victim of credit card fraud. With sales on the internet now at such a high, you will probably be very safe buying from UK online retailers. So many people cannot be wrong when buying there and if it was not safe then there would soon be national outcry. Use our bridging loan calculator to help you plan your project, that provides detailed quotes illustrating interest charges plus other fees and costs associated with bridging finance.

9. Thanks For Your Time Contact Us Head Office: London Office: 9 Riversway Business Village 1 Berkeley Street Navigation Way Mayfair Preston W1J 8DJ PR2 2YP T: 01772 788888 T: 0203 282 7188 F: 01772 788887 E: info@mayfairbridging.com, W:www.mayfairbridging.com