To save the newest rates simple, protecting a ?100,000 gross bridging mortgage facing a property worthy of ?200,000 could be fifty% LTV, and if the home has no one borrowing covered against it already.

Limit bridging online calculator – observe far you could potentially boost

Using our very own easy maximum bridging loan calculator, you can observe immediately simply how much you can raise, in line with the worth of both the possessions youre selling and also the possessions you are buying.

• The price of your the brand new possessions youre buying
• The value of your existing family
• One the mortgage harmony

Whenever exercising simply how much you ought to acquire you would like to adopt the cost of your own brand new assets, the fresh new stamp duty owed, courtroom charge, and you can any financing you’ll need for moving and renovations.

You will additionally should look within property value the latest assets, and what you believe it will logically bring in. You will then need to deduct people financial using this figure together that have estate broker and you may Missouri installment loans solicitor fees.

This will tell you the amount of money that you will have remaining about proceeds out of promoting your property. Continue reading « Simple tips to work-out the loan to Worth (LTV) »