Top 10 Cheapest Bridging Lenders - October 2026
| # | Lender | Rate (from) | LTV Condition | Charge | Note |
|---|---|---|---|---|---|
| 1 | MT Finance | 0.44%/mo | Up to 55% LTV, residential | 1st | Market Low |
| 2 | LendInvest | 0.48%/mo | Up to 60% LTV, residential | 1st | Strong |
| 3 | Shawbrook Bank | 0.50%/mo | Up to 65% LTV, residential | 1st | Regulated & unregulated |
| 4 | Together | 0.55%/mo | Up to 70% LTV, residential | 1st | Flexible on credit |
| 4 | United Trust Bank | 0.55%/mo | Up to 70% LTV, residential | 1st | Regulated specialist |
| 4 | Hope Capital | 0.55%/mo | Up to 70% LTV, residential | 1st | Fast completion |
| 4 | Aspen Bridging | 0.55%/mo | Up to 70% LTV, residential | 1st | No early repayment charge |
| 4 | TAB | 0.55%/mo | Up to 70% LTV, residential | 1st | Tech-enabled speed |
| 9 | Kuflink | 0.59%/mo | Up to 70% LTV, residential | 1st | Flexible on deal type |
| 10 | Apex Bridging | 0.65%/mo | Up to 75% LTV, residential | 1st | Higher LTV option |
Note: Headline rates shown. Total cost depends on term, arrangement fee, valuation and legal costs. Some lenders at equal rates differ on fees and service - a broker comparison goes beyond the headline rate.
What Determines Your Bridging Loan Rate?
The headline rate table above shows each lender's best available rate - but the rate you are quoted will depend on your specific circumstances. These are the main factors:
Loan-to-Value (LTV)
The single biggest rate driver. A 50% LTV deal will attract a materially lower rate than the same deal at 70% LTV. Reducing LTV - even by 5–10% - can shift you into a lower pricing tier.
Property Type
Prime residential gets the best rates. Commercial, semi-commercial, land, and development sites are priced progressively higher due to the increased risk and narrower resale market.
Credit History
Clean credit (no CCJs, no defaults, no recent missed payments) puts you in the best-rate tier. Adverse credit does not preclude bridging, but it does affect pricing - typically adding 0.2–0.5%/mo.
Exit Strategy
A clear, evidenced exit (e.g. an existing sale agreed, a mortgage offer in principle) is priced more favourably than a theoretical exit. Lenders reduce their rate when they can see how they'll be repaid.
Loan Term
Some lenders price shorter terms more keenly. Others prefer a minimum term to cover their costs. Knowing your expected duration helps target the right lender.
Charge Position
First charge loans are always cheaper than second charge, typically by 0.2–0.4%/mo. If you can clear an existing mortgage as part of the bridge, you may qualify for first-charge pricing.
The True Cost of a Cheap Bridging Loan
A low monthly rate is not the same as a cheap loan. Two worked examples show how arrangement fees can flip the comparison:
Loan amount
Scenario A: 0.55%/mo, 2% Fee Arrangement fee (2%)£8,000 Interest (6 mo)£13,200 Valuation + legal£3,500 Total cost£24,700
Loan amount
Scenario B: 0.65%/mo, No Fee Arrangement fee£0 Interest (6 mo)£15,600 Valuation + legal£3,500 Total cost£19,100
In this example, the loan with the higher monthly rate is over £5,000 cheaper. A whole-of-market broker will compare total cost, not just headline rate - it is usually the first thing we do.