Harpenden Building Society
Phone: +44 01582-765411
Fax: +44 01582-462673
Email: enquiries@harpendenbs.co.uk
Name
Mortgages - Bridging Loans
Category
Description
A bridging loan usually involves holding mortgages on two or more properties at the same time, for example, where the sale of an existing property will not happen until after a purchase has taken place. Occasionally we may only need to lend on one property if you have significant savings to put towards the purchase.
Loan Amount
£1.8 million
Interest Rate
5.6% APR
Details
Minimum loan: -£100,000
Maximum loan:-£1.8 million
Value of property:-Not less than £250,000
Max Loan to Value:-70% of the property value
Current variable rate: -From 4.19% *
Overall cost for comparison: -5.6% APR *
Portable:-Yes
Ages: -Min 18 - no maximum
Arrangement fee:-Dependant on individual circumstances**
Administration Fee:-Refer
Valuation Fee: -Refer
Legal Fee:-Refer
Deeds Release fee:-£50
Redemption fee: -£75
Available for new purchase:- Yes
Available for remortgage:- Yes
Early repayment charge:- None
Maximum loan:-£1.8 million
Value of property:-Not less than £250,000
Max Loan to Value:-70% of the property value
Current variable rate: -From 4.19% *
Overall cost for comparison: -5.6% APR *
Portable:-Yes
Ages: -Min 18 - no maximum
Arrangement fee:-Dependant on individual circumstances**
Administration Fee:-Refer
Valuation Fee: -Refer
Legal Fee:-Refer
Deeds Release fee:-£50
Redemption fee: -£75
Available for new purchase:- Yes
Available for remortgage:- Yes
Early repayment charge:- None
Featured
Yes
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