To compare bridging loans with each other you should consider the total cost of each product, rather than just the interest rate. This allows you to ensure that you’re getting the best bridging loan deal, rather than being taken in by a low headline fixed interest rate.

Other key factors to compare are the following:

• Maximum LTV
• Set-up costs and exit fees
• The lender’s application process
• Whether the product has a fixed or variable monthly interest rate
• How quickly the lender can complete your application?
• Late payment fees, default interest charges and extension fees
• The type of security that the lender requires
• The reputation of the lender