Compare Bridging Loans

As a whole-of-market broker, Donkey Finance provides access to the best bridging finance deals. Donkey Finance compares bridging loan rates from dozens high street banks and mainstream lenders, ensuring every borrower is able to secure accessible funding.

We make it quick and easy to compare bridging loan rates and all associated borrowing costs, pinpointing the perfect bridging loan for your requirements and your budget.

Typical costs based on 0.55% rates over 12 months

Bridging Loan Amount Repayment Amount (excluding broker fees etc)
£50,000 £59,254
£60,000 £70,148
£70,000 £81,042
£80,000 £91,936
£90,000 £102,829
£100,000 £113,723
£110,000 £124,836
£120,000 £135,948
£130,000 £147,060
£140,000 £158,172

Bridging finance rates comparison

With no up-front fees we provide streamlined access to the UK’s most dynamic financial products and packages. Funding is available from £20,000 with no upper limit and can be used for most scenarios. Whether you need a debt consolidation loan, last-minute shortfalls for planned purchases, or property renovation, our bridging loan comparison service will source the best funding.

Let our AI software compare rates for bridging loans against high-street banks and other institutions:

Main Stream Banks
Barclays Halifax
HSBC Lloyds Bank
Martin Lewis Nationwide
NatWest Post Office
RBS Santander
Shawbrook Bank Skipton Building Society
Tesco Together Money
UK Bridging Loans Yorkshire Bank

When checking bridging loan rates

When borrowers are looking for a bridge loan, one of the first things that they often have questions about is the cost of the loan and how much they will need to pay. While it is impossible to give the exact cost of a bridging loan without taking into consideration a number of factors, if you understand the charges that you will have to pay, you will be better able to compare bridging loan rates and get a final number. This allows borrowers to figure out how much they are able to borrow and to decide if this is the right type of financing for them.

Other bridging loan costs

When customers ask, “How much does a bridge loan cost?” It’s important that they understand that there are other fees they will have to pay besides the bridge financing rates. These costs can include a facility fee that the lender charges, any legal representation, and the payment for a survey to be completed on the property to be used as collateral. In addition, if you are going to use a broker, you can expect to pay for their services, which will add to the final cost of a bridging loan.

With broker fees of 0.5% to 1.5% and rates of 0.75% to 1.45% per month on a main residency, in addition to lender fees, it’s easy to see how the cost of a bridging loan can add up.

How bridging loans work for you

Bridging loans are a great way to finance future expenses when you do not have the money on hand at the time to pay for them. Understanding what a bridge bridging loan is and how it works is important, which is why you want to work with an expert bridging loan broker to get the money that you need. They will be able to explain bridging finance to you and help you make a good decision regarding your future.

Before agreeing to sign up for a bridge loan, it’s important that you understand what they are. They are mostly used to buy property and are secured loans that are used for just a few months while the purchase is completed. Bridging loans for house purchases will allow you to buy the home you want even if you do not have the cash on hand at the time. Rates on short-term bridging loans tend to be higher than other types of mortgages.

Bridging loan criteria

Securing a property – Getting a bridge loan is exciting, as it will allow you to buy the home that you really want while you are still waiting to sell yours. Thanks to bridge loans, homeowners no longer have to worry about another person buying the home of their dreams, as this type of financing makes it very easy to be able to pay for a new home even while your current home is still on the market. With so many different lenders available, it makes sense that there will be varying bridge loan criteria, but having a general idea of what to expect is a good idea, as it will allow you to make an informed decision about the loan you are going to take out.

Bridging lenders – Most lenders have the same criteria when it comes to the amount that they are willing to lend borrowers and the terms of the loan. In this case, there is really no upper limit to how much can be lent, as it all depends on the value of your property as well as your income and credit score. While lenders will offer loans of different terms, they are generally short-term loans and do not extend longer than 12 months. Some lenders use different bridging loan criteria and will offer longer terms, but the rates on these are often higher, and it will take better credentials to be approved for one of them.

Property type – When thinking about bridging loan criteria in the UK, you need to consider the type of property that you have as well as its value, as this is what will be used as security for the loan. Most lenders are happy to lend on houses and bungalows, while others are comfortable using flats, shops, farmland, pugs, and offices for collateral. In this case, the criteria for bridging loan can vary widely, so you will have to talk to your lender about whether or not your property can be used for a loan. There are other bridge loan criteria that your lender will want to consider, including the condition of your property, its location, and the exit plan for the loan. By carefully considering all criteria for bridging loans, a great lender can provide their customers with the money they need while still protecting themselves in case of default. This allows them to offer great rates and provide the money that their customers need.

Regulated bridging loans

Residential bridging loans are short-term borrowing products that are typically secured against a client’s primary residence or main dwelling. They are useful for covering the cost of home improvements, debt consolidation, or funding the purchase of a new property while awaiting the outcome of the sale of your original home. If you want to raise funds quickly and you have sufficient equity left over in your property, whether it is mortgaged or owned outright, a short-term bridging loan could be the solution.

With low borrowing rates on loans that are secured against 50% or less of the total worth of your primary residence, these competitive bridge loan products are highly affordable and exceptionally convenient. Borrowing terms are available from just two weeks up to 24 months, depending on your requirements.

Unlike most other secured borrowing products, our FCA-approved and regulated bridging loans are repaid in full at the end of the term, with the associated fees and costs added to the net value of the bridging loan.

Unregulated bridging loans

Unregulated bridging loans are useful in situations where the borrower intends to use a non-residential real estate asset as security for funding. If a bridging loan is secured against commercial property such as land, a development plot, a warehouse, or a building that is not fit for habitation, then the borrowing rules are more relaxed. As an experienced market finance broker, we provide both regulated and unregulated bridging loans.

If you need a short-term loan for debt consolidation, to purchase a new property for your business, or to raise funds to acquire an auction property, unregulated bridging loans from Donkey Finance will serve as a competitive borrowing option with flexible repayment terms. Simply contact the team, and we will do our utmost to provide the most sensible loan at a competitive rate. Our commitment to client satisfaction is quite simply unrivalled, regardless of the borrowing context.

An example of a bridging loan

When people are interested in taking out a bridge loan to help pay for the purchase of a new home, it’s important that they really understand how these loans work and how they can benefit them. The best way to understand the benefits of a bridge loan is with a bridging loan example. With clear information about what bridging loans are and how they work, it is much easier for borrowers to see the benefits of these loans and to understand how they are really used. We believe in clarity at Donkey and want to make sure that all of our customers understand the bridging loan definition and have examples that they can understand.