Santander Bridging Loans Calculator

Bridging loans are a viable financing option for a variety of different circumstances. So long as you have a property to secure your loan against and only require a short-term loan it is likely that you would be able to apply for a Santander bridging loan. Occasionally, a loan of this kind might be used to cover you for a general, urgent short-term cash flow issue however, predominantly this kind of loan is best suited to property transactions and in particular development projects.

Bridging loans are a fantastic solution in a number of scenarios when it comes to property development. Firstly, the criteria for lending on a bridging loan is heavily weighted towards the worth or the potential value of the property itself and much less on the personal circumstances of the developer. Secondly, often, and particularly in the case of auctions, you tend to get a much better property deal if you can act fast. A bridging loan allows you to do this as the process is much quicker than traditional methods. Thirdly, bridging finance effectively puts you in the position of a cash buyer which opens up even more opportunities to get a great deal and finally, for developers who are looking to embark on a project where a huge amount of work is required may find that mortgage lenders simply don’t find the property in a good enough standard to provide a loan on. In this instance, a bridging loan can be extremely useful as it will buy a developer up to 12 months to get the property up to standard before applying for a cheaper finance solution, such as a mortgage.

Bridging Loans for Equity Release

A Bridging Loan could help if you have significant equity in a property you own and are looking to release some of this as a cash lump sum. It may be possible to get up to 100% loan-to-value from our panel of lenders, who provide some of the best Bridging Loan deals in the UK on the different types (first, second and third) of charge loans, with all applications considered, with the inclusion of non-status.

Bridging Finance for Refurbs

A lot of mortgage lenders will refuse to give you a mortgage if the property you’re looking to buy is in uninhabitable condition. Bridging loans from Santander can allow you to purchase the property and set up a mortgage when you’ve completed the work to make the building usable.

Auction Purchases with Bridge Loans

When buying an auctioned property there will be around 21 days for completion of the purchase, making it incredibly hard to arrange a standard mortgage for the purchase. A bridging loan could deliver the required funding within this time frame.

Refinance with a Bridge Loan

Keen to progress with your next building project and need to extract capital from your existing property? Bridging finance can help you unlock the value in your current assets.

What does the Santander Bridging Loan Calculator do?

Because of the risk involved to lenders, the overall cost of a bridging loan does tend to be higher than that of a personal loan or a mortgage and there are a number of fees that you will need to take into consideration. This is why it is useful to make use of a tool such as the Santander Bridging Loan Calculator whilst researching if bridging finance is the right solution for you.

The Santander bridging loan calculator is a tool designed to provide you with an indication of the kind of loan that you could be eligible for and the conditions of which you might be provided the loan on. When using a bridging loan calculator, you must bear in mind that the tool is only a representation of what you could receive when applying. There is no guarantee that the amount and the conditions will be exactly the same as the results provided however, it is still a good place to start when researching how much you may be able to borrow.