Products and Costs
There are many different situations when you might need a bridging loan, whatever the circumstances it’s usually quite stressful. Affirmative can remove the stress by providing you with a speedy decision right when you need it most.
- No minimum term
- No upfront fees
- We lend up to 75% of your property value
Payment Options
Bridging Loans First Charges
From 1.25% per month interest only, paid monthly in arrears by Standing Order Mandate, or can be retained from within the facility (typical APR 28.9%).
Bridging Loans Second or Third Charges
From 1.5% per month, paid monthly in arrears, by standing order mandate or can be retained from within the facility (typical APR 32.0%).
Retained Interest
If your client doesn’t want to make payment on a monthly basis, we will retain any number of months’ interest. The total loan must fit within the loan to value. At redemption, any unallocated interest will be refunded.
Easy Pay Option
We may accept a lower monthly interest payment on first charges only while allowing the balance to be rolled up.
2.
0.8% paid monthly in arrears by standing order mandate and 0.8% per month rolled up to the end of the term.
Other payments and charges
- We usually deduct a 1% arrangement fee at completion
– we will discuss this with you at the outset
- You will need to pay our legal fees - Find out more
- You will need to pay a valuation fee - Find out more