Try our bridging calculator
Try our easy to use calculator and get instant detailed quotes showing interest, charges and other costs associated with taking out your loan.
There are no exit fees and we return your commitment fee when your loan is drawn down.
For full details of our products and rates, please see our rate table.
Bridging Loan Calculator Guide
What is a bridging loan calculator?
This calculator is a tool to figure out the overall cost of a bridging loan. It allows you to add in all the property values and the amount you need to borrow. From there, it provides a quote that shows you:
- How much you are able to borrow
- How much you will need to pay back
- Whether we can provide you with bridging finance you need
There are several factors that can change the amount of money you can borrow and the rate of your bridging finance. The calculator allows you to set your limits ahead of enquiry, so we can help tailor our loans to suit your financial situation.
How do I use the calculator?
Enter the details in the sections below to generate an initial quote of the full amount and the monthly interest you will need to pay back.
Using our calculator is straightforward and very quick – just follow these simple steps:
For your ease of use, we have included a full list of definitions below.
- Enter the estimated market value of the property
- Enter any outstanding mortgage. If you do not already own the property, this will be zero
- Enter the amount of money you would like to borrow, in pounds.
- Enter the maximum number of months you will need to borrow the money for.
- Next, choose your interest payment plan. There are three options which we explain below in the definitions. If you choose “part serviced”, enter the number of months you wish to delay your repayment of the interest, after your loan is secured. You can choose to pay the interest monthly starting from 3 months until the end of the loan.
- Please select an interest rate. Our standard rate is 1%, but you can see how different rates of interest affect repayment amounts.
- Please select the arrangement fee. Most lenders charge an arrangement fee for setting up the loan, this is typically 1% but can vary from lender to lender.
How does a bridging finance calculator work?
Our calculator will produce the percentage of Loan-To-Value (LTV) you will need to borrow. It also calculates the net loan amount which is the total amount you will receive, including any lender’s fee.
You will also see the monthly interest payments. So you know how much you will either be paying monthly or at the end of your term, as well as the gross amount, which is the total to be repaid.
The figures are only a guide to what you might pay. The exact cost will depend on which loan you choose. Please contact us to talk through your circumstances, no matter how complex they are.
How is the loan interest calculated?
Our bridging loan interest calculations depend on a range of variables. We assess every element of a claim when determining interest rates. How complicated the deal is, the borrower’s credit history, and type of property will all have an impact.
The details of the loan also affects the rate. Larger loans spread over longer periods will incur higher interest. A borrower’s deposit also affects the calculation. Across our loans, we currently have a max LTV rate of between 70-75%. Though higher LTVs will result in higher rates. Also, 1st charge loans will likely be cheaper than 2nd charge deals.
Do rates matter?
We explain when rates don’t matter and how you can use short-term finance to your advantage.
Which property types can I use this calculator for?
You can use this tool for all the types of properties we lend on. This includes residential properties, buy-to-let investments, and semi-comemrcial and commercial spaces.
But you can also calculate your loan costs if you want to refinance or raise capital.
Across all our bridging products, we assess each case on its individual merits. The amounts lent, rates applied, and general specifics of a deal will be catered with the borrowers details in mind.
The applicant has to be min. 21 years old to max. 85 years. We accept individuals, limited companies, self-employed applicants, LLPs, SPVs, trusts, offshore companies and complex structures. But also UK & EEA nationals, clients from any non-sanctioned state, politically exposed persons and diplomats.
We lend £100k to max. £50m from 3 to 24 months on a range of properties situated in England and Wales. Those cover residential and buy-to-let as well as auction properties. Additionally, we accept multiple properties or a portfolio, HMOs, holiday-lets, commercial and semi-commercial units.
You may calculate your bridge loan to aquire property, raise capital and short-term working capital or replace existing property and development finance.
See our full list of bridging loan criteria.
What happens if anything changes?
You’ll need to enter an estimated market value for your property into the calculator, but this could change quicker than you’d think. The value of the pound can change, and property prices can increase or decrease based on interest rate changes and other factors. All of this could shift sentiment and prices in mere days. You’ll want to revisit your budgeting if values shoot up.
You may also set out on your property investment journey with a specific time frame in mind. But as you move through the process, that schedule you planned may prove to be not that concrete. You may have planned for a term of 12-months, but end up needing 2 years. This bridging finance calculator will help you understand what that could mean for your bottom line.
Why is it important to use this calculator?
Across the property market, costs are rising and may spiral if you’re not careful. Having an idea of what your budget could stretch to from the outset may prevent costly surprises down the line.
How much can I borrow?
The amount you can borrow depends on the type of loan you’re applying for. Most of our loans start at a minimum loan of £100,000. The maximums vary between £2m and £50m.
Fees and other costs
This bridging loan calculator factors in our internal details, such as interest rate payments and arrangement fees. Additionally, all our loans have an arrangement fee, starting from 1%.
Please note, the results you will get from this calculator are an estimation. All cases vary and will be highly dependent on individual circumstances. Many of which can’t be factored into this tool. It is one of our strengths that we are able to tailor loans to your exact requirements. Please get in touch to speak with an MFS underwriter and get a bespoke quote.
You may also need to cover external costs like various taxes, contractor bills, recent legislative levies etc..
What makes MFS different?
MFS can provide flexible and fast bridging finance for a range of property investment plans. We can issue funding in as little as 3 days and provide a bespoke service tailored to your needs. We are happy to work with complicated backgrounds. This includes foreign national clients, poor credit histories, complex corporate setups and more.
We also have many resources at our disposal to help support your application. We have access to multiple funding lines, a panel of valuers and solicitors, and other industry professionals. So we’ll be able to adapt on the fly to shifting priorities and a changing market.
Bridging loan calculator explained
- Net Loan Amount – This figure represents the amount you will receive. You will need to pay this back in full at the end of the term.
- Gross Loan Amount – This figure represents the full amount you will repay at the end of term. It is calculated by adding the Net Loan Amount and the interest. This number will change depending on term length and if the interested is paid monthly or rolled up.
- Term – This is the number of months you need the money for.
- Monthly Interest payment – The interest you will pay each month. This will depend on how much you borrow and the overall risk of borrowing.
- You can choose to pay this monthly or at the end of the term.
- Rolled Up – The number of months you would like to delay paying interest. Example: If your term is 12 months and you wish to delay payment for four months, you won’t pay anything until the fifth month. If you choose to delay interest payments until you repay the loan in full at the end of the term, this number will be the same as your term length.
- Arrangement Fee – This is a fixed rate added onto the loan for the reserving of funds and administration costs charged to the company.
N.B – As our minimum loan term is 3 months, if you clear the loan before the end of the third month, then you will be charged the interest you would have paid over three months.