what would be the fees on a £20k loan
Hi, it's probably easier to give us a call, so that we can talk through all the various options, trust that's OK
Ok can you break this down.
£20K Loan clean client, under 70% Ltv
What is the arrangement fee ?
What is the broker fee ?
Will you give full advice ?
What will be the overall cost over 12 months.
A 20K bridging loan will have limited options due to lenders minimum loan size. I do have one lender in mind who may be able to assist – we will need to know the following
- Is this a reg or non reg deal (this lender only offers non reg loans)
- Current value of the property
- Details of the works being undertaken to the property
- Loan term
- Exit strategy
In terms of fees etc the lender arrangement fee would normally be 2% of the loan amount (can be added to the loan if required)
Impact SF charge an application fee of £395 at full application stage (non refundable)
We can give advice if the adviser does not have the required permissions
Overall costs will be determined by the lender we are working with
Happy to discuss further
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