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Examples of Standard Bridging Finance Fees

Bridging Finance Fees Charged by Mortgage Broker & Ingard Packaging:

Commitment Fee/ Packager Fee £500
Ingard’s Packaging Team charges an upfront £500 Commitment Fee when we’ve secured an accepted Decision in Principle and the customer is happy to proceed.
Broker Fee 1% (varies dependent on Broker)

Bridging Finance Fees Charged by Lender:

Lender Fee/ Arrangement Fee 2% (varies dependent on lender)
Interest (serviced, rolled up, retained) From 0.44% dependent on lender and product

Other Bridging Fees:

Legal Fee £1400 (varies dependent on lender and type of case)
A Solicitor with experience in this field is essential and most lenders request a Solicitor from their approved panel to be used.
Valuation Fee (usually paid upfront) From £385, for a drive-by valuation

From £500, for standard valuation

 

Most lenders allow all of the fees except the upfront Commitment Fee and Valuation Fee to be added to the loan.

Here to Help

For more information, call our Specialist Team on 01702 538 800 or arrange a call back.

 

True Bridging

This guide was produced in association with True Bridging.