This simple two-step calculator will indicate to you how our Refurbishment Buy to Let product works.
The first step will give an indication of the costs of the Bridging loan including the gross loan amount that will need to be repaid at the end of the term of the Bridging loan when the refurbishment works have been completed.
The second step will give you an indication of the costs of the long term Buy to Let loan to be used to repay the Bridging loan including any additional funds that your customer wished to borrow at that time.
This calculator is for illustrative purposes only. For a more accurate illustration tailored to your customer's needs please contact a member of the Bridging Team on 0800 116 4385.
For loans over £1,000,000 or for more information and an illustration tailored to your customer's needs please contact us on 0800 116 4385.
Reference:
Product selection:
Short term lending type:
Purchase or Remortgage:
Refurbishment to let:
Joint Legal representation:
Retained interest (no monthly payments):
OR
Serviced interest (monthly payments):
Monthly interest rate:
%
Initial Loan Required:
£
OR
Gross Loan Required:
£
Term / No. of months to complete works:
(Max 6 months)
Property details
Current Property Value:
£
Purchase price:
£
Property use:
Outstanding Mortgage Amount:
£
First Charge
* Needs at least 1 property
Properties
Open Market Value
Purchase Price
First Charge
Property Use
Application fees
Facility fee / Product fee:
%
Broker / Packager fee (payable at application):
£
Broker / Packager fee (payable at completion):
£
Telegraphic transfer fee:
£
Assessment fee:
£
Monthly Interest Rate
LTV
Rate
65% LTV
0.74%
70% LTV
0.79%
75% LTV
0.84%
The loan amount cannot exceed 75% loan to value. Please review the loan amount required.
The loan amount, including retained interest, cannot exceed 75% loan to value. Please review the loan amount required.
