What bridging loans cost

This is is normally referred to in terms of a monthly percentage.

For example; if you borrow £100,000 at 1.25% per month, the loan will cost you £1,250 per month.

(In other words 1.25 % of £100,000 for every month the loan is outstanding).

While theoretically you should shop around for the best rate, in practice you'll probably end up using the lender who can act the fastest.

This is because time, and not the interest rate, is usually the main issue if you need a Bridging Loan.

However you should always try to check the market and make sure you're not paying too much over the odds.

If you're a "self certified" case - ie you're self employed, or you've got a poor credit history - you'll probably be charged higher interest rate.