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The Pitfalls of Bridging Finance: why you shouldn’t always trust the headline rate. The first inquiry a prospective bridging borrower is concerned with is how much the monthly interest rate is. Yes, this is a significant consideration when evaluating the options available to the borrower however it fails to consider a number of aspects that can hike up the cost of bridging finance. In circumstance, in many cases it may be cheaper to have a higher rate of interest in order to benefit from fewer costs elsewhere. Avoiding certain pitfalls including exit fees, renewal fees, completion fees, can save unnecessary fees if you know where to gaze.
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