Loan amount:
£4m - £30m
Rate from:
0.59%
Loan-to-value:
up to 75%
Term length:
3 – 24 months
Overview
We are specialist lenders who provide bespoke bridging loans to help in even the most complex of cases:
- Finance for luxury properties
- Single high-valued residential or commercial property purchases
- Raise funds to increase large property portfolios
- Refinancing to consolidate portfolios
- Provide finance for buying a block of buildings
- Facilitate the purchase of multiple flats or buy to let properties
Key information
What is a large bridging loan?
A large bridging loan is a short-term financial solution where the gross loan amount surpasses £4,000,000. Large loans help provide urgent funding to purchase property and can help remove the worry of missing a lucrative property investment opportunity. You can borrow funds for as long as 24 months with this large, short-term product, and there are no early repayment charges, meaning you can organise a suitable exit plan in a timeframe that works for you.
How do large loans differ from smaller bridging loans?
For us, it’s purely the loan amount. We do not have specific criteria that apply for large loans, as the application process is the same. We assess every bridging enquiry on a case-by-case basis at the discretion of our underwriting team. Yet, we tend to find that our large loans are commonly deployed to buyers facing complex circumstances. As specialists in the complex, we understand that these cases may need increased funding to overcome certain issues. Therefore, we have dedicated funding lines to help with these situations.
How can I use a large bridging loan?
Large loans help purchase high-end property, commercial assets, buying flats in bulk or for development exit finance, large loans can help individuals and companies alike. Moreover, as a flexible form of alternative finance, you can tailor a large bridging loan to suit a variety of various bridging scenarios and assets. These include:
- Student accommodation
- Commercial property
- Properties with complex structures
- Starting a new business venture
With property prices continuing to rise, large bridging loans have become increasingly popular. MFS deals with large bridging loans regularly, allowing individuals and businesses to complete on large projects quickly and efficiently.
How do large loans differ from smaller bridging loans?
For us, it’s purely the loan amount. We do not have specific criteria that apply for large loans, as the application process is the same. We assess every bridging enquiry on a case-by-case basis at the discretion of our underwriting team. Yet we tend to find that our large loans are often deployed to buyers facing complex circumstances. As specialists in the complex, we understand that these cases may need increased funding to overcome certain issues. Therefore, we have dedicated funding lines to help with these situations.
How much can I borrow?
As mentioned, large loans are when the funding supplied surpasses £1,000,000. Whilst our minimum loan available is £100,000 – you can borrow up to £30M from us. Criteria will vary depending on the bridging product you require.
The amount you can borrow will be dependent on your property value and the loan-to-value (LTV) you require. These elements will also affect your monthly interest rates, you can see indicative rates on our bridging rates page.
Does it take longer to arrange a large loan?
Not at all. Our large loans can see funds delivered to your account within the same time frame as our other bridging products. With several funding lines available to us, as well as in-house funds, we’re able to provide fast finance in as little as three days: no matter the loan size.
Do your large loans have any additional fees?
We provide all our rates upfront, to ensure there are no hidden fees for you throughout your term. We also guarantee that our rates will not change throughout your term of your MFS bridging loan. When we say yes, we mean it.
- The fees you can expect to see when using a bridging loan include:
- Your rate: This rate will change case-by-case, depending on your product, LTV and term length.
- Arrangement fee: The lender charges this for organising the loan and completing all the necessary checks.
- Commitment fee: Usually requested to cover initial work done on the loan by the lender. This fee will be returned upon the drawn down of the loan.
- Valuation fee: We will conduct a valuation on your property if you need a valuation report. We accept long-form / Red-Book valuations.