Are bridging loans expensive?

Bridging loans generally come with higher interest rates compared to traditional long-term loans, which can make them more costly over the short term. Additionally, there might be arrangement fees, valuation fees, legal fees, and other costs associated with the loan. While the higher costs are a trade-off for the speed and flexibility they offer, it’s essential to calculate the overall expenses involved and determine if the benefits outweigh the costs in your specific circumstances.