Bridging finance rates.

[Louis Balfour]

Anyone know what sort of deals are available for an open bridge?

Residential investment selling at £200k and the buyer needs £150k for a few months.

I was going to offer to bridge it for him but I don’t know what is a fair rate currently.

Many thanks.

[NickCQ]

75% LTV (80-85% with retained interest) is at the higher end of the risk spectrum so I suspect the big players would be offering you 0.8%-1% a month.

[Sarnie]

1% a month for sure.....

[Louis Balfour]

Sarnie said:

1% a month for sure.....

For sure? Must be an Irish bank.

I was thinking 1% month actually plus legals. Should I charge a fee?

[Jonstar]

0.8% per month is typical atm