Property auction purchases - My Bridging Finance Solicitors (MBFS)

If you uncover the ideal property and do not want to risk missing out, choosing a bridging loan can be an option to access funds for that purchase while applying to a lender for a long-term solution.

Exit administration fees

In some instances, you may be required to cover exit administration and exit fees as part of ending your bridging loan. These fees cover the work needed to remove the […]

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Valuation costs

If you own property and are placing it as security against your bridging loan, a valuation will be required. You will need to pay a surveyor to complete this valuation, […]

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Arrangement fees

Arrangement fees are what you pay to a broker or service to ‘set up’ your bridging loan. These are typically charged on a percentage basis, with 2% of the value […]

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Second or third charge bridging loan

If your current property has a mortgage, the lender will assess the equity in the property once the remaining mortgage balance has been deducted. This is known as a second […]

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