Product Information

Bridging Loan Fees and Costs

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Set up costs are different for every lender but will be made up of a combination of the following fees:
Arrangement Fee (Facility Fee): This fee is payable to the lender for setting up and arranging your bridging loan. You will be given the option to either pay the fee upfront or have in added to the loan facility. This fee is normally worked out on a percentage basis and is typically 0 to 2% of the amount being borrowed.
Administration Fee: This is another fee that a lot of lenders will charge when setting up your bridging loan, it is normally added into the arrangement fee. This could be anywhere between £150 and £2,000, depending on the lender and the size of the loan, and it will be added onto the loan facility.
Valuation Fee: When setting up a bridging loan, a valuation of the property being used as security will be required. If you don’t have a suitable valuation/survey report already in place, we will instruct one for you. The fee is payable directly to the lender, and it is the only upfront cost. You could expect to pay anywhere between £150 and £1,500 as it solely depends on the value of the property.
Telegraphic Transfer Fee: This is charged for the money to be electronically transferred from the lender to the solicitor when the funds are ready to be released to you. This typically costs £25-£50.
Legal Fees: You will need to pay any solicitor fees for yourself and the lender for any legal work they undertake for the process of setting up your bridging loan. It is difficult to put an exact cost on this as it will depend on the lender and the solicitor you use.
Broker Fees: We do not charge any broker fees!

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About us

Leading independent financial brokers, we at Dolphin Loans and Mortgages have the right amount of knowledge and skill to provide excellent finance facilities with maximum efficiency. Due to our established professionalism and extensive range of solutions, our company has the ability to make the decision making process straightforward, simple and worry-free.

We at Dolphin Loans feel it is our duty to provide an organised and efficient facility that is tailored to fit the requirements of the client. We have a team of independent specialists who are available seven days a week, from early in the morning to late at night. We put customer enquiries above everything else to ensure that they receive the best possible service and are never left waiting.

Here at Dolphin Loans, we offer a wide variety of services including equity release, mortgages, secured loans and bridging loans. These solutions all include the best rates and terms, providing outstanding flexibility and reliability.

Equity release, for example, allows you to withdraw a tax-free sum from your property without having to sell it, whether it be your own home, second home or buy to let. This particular option offers flexible repayment options as well as fixed-rate options. Secured loans, however, are a cheap and easy option that can fund home improvements such as kitchens, windows, bathrooms etc. A secured loan acts as a second mortgage, meaning that it is secured on your property by way of a second charge.

Bridging loans are used as a short-term funding option, taking advantage of both flexibility and speed. Through the use of a bridging loan, clients can gain cheaper interest rates for both residential and commercial properties. This method is often used for quickly securing a property, fixing a broken property chain and property development.

At Dolphin Loans and Mortgages, we also offer mortgage systems that are put in place to meet specific circumstances and requirements. We have the ability and experience to provide high-end finance facilities for residential, commercial, lifetime, buy-to-let and re-mortgages. Each of our services here at Dolphin Loans are guaranteed to exceed your expectations and give outstanding results every time.

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Latest Reviews

Dolphin Loans & Mortgages

Lyndsey cold not have been more helpful. She was always available to assist me, always responded quickly and passed on all documents etc to the mortgage company straight away and was generally excellent. She made the whole process very easy and I am extremely happy with the service she provided.

By Anon - - 22 May 2018

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