Calculate your loan costs with dynamic rates
@theanxiousinvestor Bridging loans aren’t all created equal. Some lenders front-load their fees so you’re paying big money before you’ve even started. Others dangle a lower monthly rate, but sting you with chunky arrangement and exit costs. Then you’ve got the ones with higher rates but less upfront fees, which looks simple on paper, but it adds up fast throughout the term. And here’s the kicker: many bridging lenders will charge you for the entire term of the loan, even if you finish early. Wrap your project up in 3-6 months instead of 12? Tough luck, you’re still paying for the full year. That’s why this Lendlord dynamic bridging loan is interesting. They actually reward speed. Interest is calculated monthly, so if you complete or sell early, you pay less no early redemption penalty, no wasted months. For flippers and refurb investors, this completely changes the game. The faster you move, the more profit you keep. Remember it’s always key to get the right product for your specific deal and focus on what is best for you in terms in exiting and financially. Some will also charge you monthly interest amounts, that you’ll have to pay, whilst others will roll up those costs on entry and/or exit. Any questions let me know. #bridgingloan #property #auction #invest #loan ♬ Paris - Else
| Month | Interest | Gross Loan |
|---|
Disclaimer: The mortgage/remortgage service is provided by Lendlord Finance Limited which is an appointed representative of Windfall Limited which is authorized and regulated by the Financial Conduct Authority (FCA) (FRN: 225908). Lendlord Finance Limited is a company registered in England and Wales (Company No. 13696524) with its registered office at Churchill House, 137-139 Brent Street, London, NW4 4DJ.
THINK CAREFULLY BEFORE SECURING ANY DEBTS AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.