When a £500,000 Bridging Loan Ballooned Close to £40,000: Tom’s Story

https://highstylife.com/why-uk-property-buyers-developers-and-investors-struggle-to-get-fast-finance-without-costs-spiralling/

Tom is a developer in the Midlands. He needed a quick bridge to finish a conversion and agreed a £500,000 facility for six months. The brochure said “competitive rates”, the broker was friendly, and the lender promised quick completion