Short term loan for a property acquisition

Short term loan

Gross Loan Amount:

£2,000,000

Property Value:

£3,250,000

Charge:

1st Charge

Initial Circumstances

The client came to us directly to help complete a property acquisition when the long-term lender was taking too long to put a finance solution in place.

MFS Solution

To get the acquisition done we simultaneously instructed the onsite valuer (whilst taking into consideration the social distancing guidelines from the Government during Covid-19) and the lawyer. Due to our good relationship with our valuer, they were able to get the report to us within 48 hours.

The Benefits

We were able to complete the bridging loan within 5 days, allowing our client to complete the property acquisition, not lose their deposit, and simply pay off their loan with the traditional long-term finance when that is processed.

Latest Case Studies

Our Calculators:

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Bridging Loan Calculator

Calculate the loan amount you may be able to apply for and the interest payment options available to you.

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Buy-To-Let Mortgage Calculator

Use the calculator to understand which product tier best matches your BTL requirements.

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bridging loan for auction properties

Contact us

Speak to us on the phone, via chat or email about your case, however complex it might be. We have a friendly, dedicated team and one of our underwriters will be happy to help you with your enquiry. We will always try to lend, and when we say yes – we mean it

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