UK Property and Financial Calculators A bridging loan and in the UK sometimes referred to as a caveat loan, is a short term loan that is taken out for a few years, as opposed to other types of long term loans that are taken out for longer periods of time.
UK Property and Financial Calculators A bridging loan and in the UK sometimes referred to as a caveat loan, is a short term loan that is taken out for a few years, as opposed to other types of long term loans that are taken out for longer periods of time. Normally, this type of loan is secured when a business or individual needs interim finances until some other source of income falls through. When the individual’s funds come through, the loan is then paid back to the lending source. In today's world, we normally see these type of loans primarily in commercial real estate, for instance if a person sees that a property is grossly undervalued, a bridge loan will be taken out until the property value goes up, at which point the property will be sold at a profit, and the bridge loan will be paid back. If you are curious on how much you are going to have to pay on the loan regarding the interest, take a look at our bridging loan calculator, which will show you the exact amount of money and interest owed on a particular loan. Stamp duty is the type of tax in the UK that is charged on written documents and it actually requires a physical stamp to be impressed on the instrument that is in need of that particular validation. In early 2000, land duty or stamp duty land tax was introduced in any land transaction that happened. It was later replaced by stamp duty which is a type of transfer tax that was imposed on any land transaction that happened from individual to individual, or company to person or vice versa. One great way to see how much you are going to have to pay the government on the stamp duty, is to check out our customized stamp duty calculator - which will calculate the exact amount that you have to pay on the tax. A secured loan is the type of loan when the person borrowing the money puts up or "pledges" some sort of valuable that they own, for instance: boats, car, property, jewelry, houseboat, atv, etc. This then becomes the collateral in the transaction and is held at the lenders until the debt is paid back in full. If the person who borrows the money ends up not being able to pay the money back, or they default the bank will then take legal possession of the collateral in order to make up for any money lost during the transaction. Our website has a secured loan calculator that will calculate how much you want to borrow, the amount of repayment as well as the interest rate on the transaction for this. Thanks for stopping by, our calculators are here to help you estimate how much you are going to owe on these various transactions, loans, or taxes. It is not always an easy thing to figure out, so we take away the difficult equation to allow you to concentrate on making it happen. Thanks for stopping by, we hope to see you again soon.
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