Bridging loan rates, monthly, honestly.
From 0.69% a month, and here is exactly what from means. Indicative whole of market pricing for September 2026 by loan to value and security type, the fees that change the real cost, and the five things that decide where your deal lands.
By Dominic Whitecross, Co-Founder, HyLend. Last reviewed September 2026.
The short answer
Bridging loan rates in the UK currently start at around 0.69% a month on first charge residential or semi commercial security at low leverage, and rise to around 1.1% a month at 75% loan to value. Commercial, land and second charge security price above that. The lender arrangement fee is usually around 2% of the gross loan.
Rates are quoted monthly. 0.69% a month is roughly 8.3% a year before compounding. Keep that conversion in mind on every figure on this page. What a bridging loan actually costs, line by line →
Indicative rates by loan to value
| Gross loan to value | Indicative monthly rate from | Roughly per year |
|---|---|---|
| Up to 50% | 0.69% | 8.3% |
| 50% to 55% | 0.74% | 8.9% |
| 55% to 60% | 0.79% | 9.5% |
| 60% to 65% | 0.89% | 10.7% |
| 65% to 70% | 0.99% | 11.9% |
| 70% to 75% | 1.10% | 13.2% |
First charge residential and semi commercial, whole of market indications, September 2026, consistent with our calculator. Annual figures are simple, before compounding.
The loan to value that matters is the gross figure, which includes retained interest and the arrangement fee. A net advance of 65% is often a gross loan of 72% or more, which is a different rate band. Why the gross figure sets your deposit →
By security type
| Security | Pricing relative to the table above |
|---|---|
| First charge residential or semi commercial | The table |
| First charge commercial | Typically 0.1% to 0.3% a month higher, lower maximum LTV |
| Land with planning | Higher again, and leverage capped at 60% to 65% |
| Land without planning | The highest pricing and the narrowest lender pool |
| Second charge | Materially higher, because the lender recovery position is weaker |
| Refurbishment (light) | Close to standard bridging on the day one figure |
| Refurbishment (heavy) and development exit | Priced on the completed value and the works risk |
The five things that actually set your rate
- Loan to value. The strongest lever and the one you most control. Dropping five points of leverage is often the cheapest change you can make to a quote.
- Charge position. First charge is the table. Second charge prices well above it.
- The asset. Standard residential prices best. Commercial, specialist and land price higher because the lender exit in a bad case is slower.
- The exit. A sale under offer is a stronger exit than a refinance that assumes a valuation uplift, and lenders price the difference.
- The borrower. Adverse credit is not automatically fatal on a retained bridge, but undisclosed adverse discovered at underwriting costs both time and pricing.
Why a lower rate is not always cheaper
A 0.75% loan with no exit fee and daily interest can cost less than a 0.69% loan with a 1% exit fee and a three month minimum term. Compare the total cost over your realistic term, with every fee in, or you are comparing headlines.
Refinancing a bridge that has become expensive
If you are past the term on a bridge, paying a default rate, or holding a completed asset on bridging pricing, a re bridge or a term refinance is usually the largest saving available. Bridging refinance and re bridging →
Indicative only and not an offer of credit. Pricing depends on the lender, the asset, the leverage, the exit and the borrower, and it can change at any time. HyLend is a credit broker, not a lender.
Bridging loan rate FAQs
What are bridging loan rates in the UK right now?
Indicatively from 0.69% a month on first charge residential security at low leverage, rising to around 1.1% a month at 75% loan to value. Commercial, land and second charge security price above that. Bridging rates are quoted monthly, not annually, so 0.69% a month is roughly 8.3% a year before compounding. These are whole of market indications for September 2026 and they move.
Are bridging loan rates monthly or annual?
Monthly, and this is the single most common source of confusion. A rate of 0.69% per month is about 8.3% a year before compounding, not 0.69% a year, and it is not comparable to a mortgage rate until you convert it. It cuts both ways: some borrowers panic at a monthly rate that is reasonable and others fail to notice one that is not.
What decides my bridging rate?
Loan to value first, then charge position, then the asset, then the exit, then the borrower. A first charge at 55% on a standard house with a sale already agreed prices at the entry rate. A second charge at 70% on a commercial unit with a refinance exit that assumes an uplift prices well above it. Term has less effect on the rate than on the net advance, because retained interest for a longer term reduces what reaches you on day one.
Is a lower monthly rate always cheaper?
No. The arrangement fee, exit fee, minimum interest period and whether interest is calculated daily or monthly all change the real cost. A 0.75% loan with no exit fee and daily interest can cost less than a 0.69% loan with a 1% exit fee and a three month minimum term if you redeem early. Compare the total cost of borrowing over your realistic term, not the headline.
What does a bridging loan cost in total?
On a typical first charge residential bridge held for twelve months, the all in cost usually lands between 10% and 14% of the loan once interest, arrangement fee, valuation and legals are included. On £500,000 that is roughly £50,000 to £70,000. Second charge, commercial and land security cost more. The calculator gives your exact figure.
Can I get a bridging loan at 0.69% a month?
Yes, on the right case: first charge, low leverage, standard residential or semi commercial security, a strong exit and a clean borrower. Move any of those and the rate moves. Most real cases land between 0.75% and 0.95% a month, and a quote materially above that usually means one of the five variables is against you, which is worth knowing because some of them can be changed.