Refinance Bridging Loan

Re-bridging loans in any circumstances

You can use our refinance bridging loan to help where you may need to reorganise your plans, where chains break down, delayed exit strategies emerge, or you need to find better terms.

Min. loan amount: £100k
Max. loan amount: £50m
Max. LTV: 75%
Interest rate: from 0.90%
Charge type (1st/2nd): 1^st and 2^nd charge
Term: 3 – 24 months
Completion time: between 3 and 14 days on average
Exit fee: no fee or POA (depending on case)
Location of property: England, Wales

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Refinance with confidence

Use our bridging finance calculator to receive a detailed quote. This will outline your potential interest, charges and other costs associated with our loans – so your client will know what to expect from the start.

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Refinance Bridging Loans

What you need to know:

What type of loan is this?How much can I borrow?What can I use a refinance bridging loan for?What types of property can I purchase?Benefits of re-bridging loans Things to consider before getting a re-bridging loan Who is eligible?How long does it take to arrange a re-bridging loan?Additional fees Difference between refinance and other loans What information do you need to process a re-bridging loan?How can I apply?

What type of loan is this?

A refinance bridging loan allows you to replace existing finance secured against a property. This may be needed where your current finance has run out before you completed your plans, an exit strategy has fallen through, and more time is needed to formulate a new plan.

How much can I borrow?

You can borrow between £100,000 and £50,000,000, depending on your circumstances and the type of assets you’re investing in.

What can I use a refinance bridging loan for?

You can use your refinance bridging loan for multiple investments. On top of providing breathing space to secure long-term financial solutions, you could utilise the funding to finalise a refurbishment project or find new buyers.

You may also seek out a refinancing deal if it results in a cheaper rate or more favourable terms. It’s also possible to refinance more than once. You may need to raise additional funds for expanded business plans and other projects.

What types of property can I purchase?

Refinancing bridging loans can be used for a range of property types, so long as they’re situated in England or Wales. This includes residential assets like HMOs, or commercial properties such as warehouses or shopping centres.

They can also be used for semi-commercial properties, where residential and commercial spaces are found in the same building. Flats situated above retail being a common example.

Benefits of re-bridging loans

You may be thinking about your refinancing options given what we’ve seen in the market. Mainstream lenders have been spooked by rising inflation and general uncertainty. As a result, they have pulled deals rapidly and tightened their criteria’s.

Interest rates are also still expected to rise, and the cost-of-living crisis shows few signs of slowing down. As high street banks struggle to adapt, you may be looking to refinance, and if you need a specialist lender, it should be one that tackles uncertainty head on.

Refinancing bridging loans can provide you with peace of mind during difficult periods. Where you’re stuck with poor terms, or your chain falls through, you won’t be forced to see your plans come to a complete stop.

With access to our flexible and speedy finance, you’ll be provided with time to make new plans. Our funding will allow you to keep your property investment plans afloat while you strategise for the future.

Things to consider before getting a re-bridging loan

When it comes to re-bridging or refinancing your existing bridging loan, there is one key factor to consider: your exit strategy. We would want to know how you intend to exit your loan when it comes to re-financing. Having an exit strtegy in place will help your chances to get your loan approved as well as moving things along quickly.

Who is eligible?

All our loans are bespoke and open to a broad range of property investors. But, at a minimum, you’ll need to be aged between 21 and 85 to be eligible. You must also be investing in England or Wales.

Beyond that, you can put through an application with multiple parameters. You can apply as an individual or via a business structure – including limited companies, LLPs, SPVs or even offshore entities.

We’re able to serve property investors from any country, excluding those that are blacklisted. We can work with you even if you don’t have any financial footprint in the UK.

How long does it take to arrange a re-bridging loan?

We can have funding issued in as little as 3 days. On average, we find most of our cases are wrapped up within 2 weeks. How quickly your cases progresses will depend on numerous factors, including any third parties involved. Generally, the more clarity we have on your situation, the quicker we’ll be able to progress your deal.

Additional fees

There are no admin fees for any of our bridging products. What’s more, commitment fees are refunded on drawdown. For refinance bridging loans, there may be exit fees. The amounts charged will depend on the type of asset you’re investing in. Your assigned underwriter will keep you up to speed on any fees you may incur.

Difference between refinance and other loans

The main difference between our refinance bridging loans and other products concerns where you are in your property investment journey. Our other loans may be used to make an initial purchase. Whereas a refinance bridging loan will typically be used for an ongoing project or current asset.

What information do you need to process a re-bridging loan?

We’ll require your basic details. This includes information on your background and finances. However, as all our deals are assessed on their individual merits, additional needed details will vary between our clients. Where more information is required, our underwriters will keep you up to speed. You’ll never be unsure of the next steps.

How can I apply?

To get the ball rolling on your refinancing plans, you’ll need to contact us. We can be reached over the phone, through email, or via live chat. We respond to all enquiries within 4 hours, and you can also request a call back.

Contact Us

Get in touch via phone, chat or email about your query, however complex it might be. We will try our best to say yes to you, instead of finding a reason to say no.

Contact our Bridging Loans Team:

Email: info@mfsuk.com

Phone: +44 (0)20 7060 1234

Contact our Business Development Managers:

Email: brokers@mfsuk.com

Phone: +44 (0)20 7060 1234

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Tom Gill, BDM at MFS, has been professional and a pleasure to deal with. Extremely pleasant, helpful, knowledgeable and working with my client best interest at the forefront of every decision to secure the most appropriate solution to fit my client's needs. Tom has a true passion for what he does and, despite the hurdles, we worked together with the support of with Shaun Bains (very nice and professional too!) to get the best outcome for my client. The result was a happy client that is delighted and asked me to do more work for them! Thank you very much indeed Tom and the MFS team. To more deals together! All the best, Eric Giordanengo

Eric Giordanengo

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I would like to thank Sumit for his continuous hard-work and kind assistance on all my deals. Sumit is extremely professional and is willing to go the extra mile to complete a deal. The service provided is excellent. Sumit is attentive and regularly keeps brokers updated during the process and makes sure all deals are completed on time.

Michelle

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Sonal was excellent, from start to finish and I look forward to working with MFS again in the near future

Ryan Gruzinski

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I've had a recent completion, and my first ever with MFS. The way they stuck with the deal with an obstructive vendor was above and beyond the expectations of any lender (I could go on for hours about the vendor) With easily over 300 bridging completions under my belt in my career I know good service when I see it, my only regret is that I should have been using MFS more. Special mention to Jemma Vaja for her hard work.

Liam

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From the first time I spoke to Sonal about the case , I was assured that MFS will be able to help . And yes they did. Sonal sent me terms very quickly and the whole process was seemless. We always got updates and Sonal was very professional and did a brilliant job until the case was finally completed . Our Client was very happy and this meant we were very happy too. We had a fantastic experience and we believe this will be the first of many . To Sonal a big thank you for your wonderful professional yet friendly assistance .

Mr Gabriel

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Bridging Finance that took longer than anticipated to complete (in this instance solicitors ready to go but MSF Compliance had an issue) but all the same the u/w team were on hand to offer assistance. Client feedback is that solicitor fees do add up with MSF cases (especially BTL apps), so make sure you/your client take this into consideration.

Amie-Be Compliant Ltd

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Really good experience from start to finish. Extremely diligent and very efficient way of working. Could not find any faults in the whole procedure. Definitely recommend it to others that are looking for this type of facility. Harj and Kiran we’re very professional at all times even working on a weekend if need to. Once again a big A BIG THANK YOU!!!

JOJAR DHINSA

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Really excited to be working with MFS. Underwriter was busy throughout the application and it was difficult to get her on the phone, however our BDM Oli Watts was available throughout the process and that made it more efficient for us. If we were unable to get an update form UW Oli would get the info for us regularly.

Tobi

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MFS, Thank you for giving all my clients an amazing service, Jemma, especially, she has been very professional and efficient since she joined MFS. She is a definitely a great asset to the company. Jemma, thank you and well done for all your assistance!

Maria

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As a mortgage broker, I have dealt with MFS several times and all successfully progress to completion on time. I have to mention that the BDM Zahira and the Underwriter Jeanne have been working really hard to make sure my urgent deals completed within the deadline and updated me several times a day so I am always aware whats going on. Top services.

Sabrina

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I have dealt with MFS for a long time as a Commercial Financial Broker. A great company to deal for all your short term funding needs. The speed, professionalism, communication and friendliness of staff are just great. I have dealt recently with Jemma who is always ready to help and sort out hurdles. Kieron and Richard are a few who i have dealt who brilliant. Also Paresh who is the CEO of MFS is a great person to deal. MFS always exceed expectations.

Victor

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Five Star Service Another bride company let me down with an unreasonable underwriter view, which cost my client two weeks, a valuation, and solicitor fees. My client needs to close the deal within three weeks. MFS has given me hope and taken the human thinking approach to overcome all the obstacles. Craig, Wayne, and Will provided excellent support (all calls were answered the same day). A big thanks go out to them. The whole team deserves five stars. Easy Financial Services LTD

AJIT SINGH

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Working with MFS is an absolute pleasure. They are always in communication and so everything they can to deliver a seamless transaction within a short time and minimum fuss. All in all a very professional outfit. Working with Jemima Hyes and her team has been great.

Ripon Mahmood

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I've had the pleasure of dealing with MFS in particular Imogen and Kieron. On each occassion from the initial phone call to discuss the nature of the case and sending across the enquiry form they have been proactive and quick to get the indicative terms issued. They are knowledgable and very helpful.

Amit Patel, Trinity Finance

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Exceptional service from a professional, diligent and creative team. In particular - a special thanks to Sonal who effortlessly simplified the complexity of the matter, maintained clear lines of communication and ensured overall transactional efficiency.

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I have dealt with MFS for 3 years. They have always been professional and found competitive structured finance solutions for my clients. They also offer a wide range of products. They have always got offers out quickly which is paramount to me. I have dealt with several of the team at MFS and they have all given me an excellent service.

customer

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We have completed a complex case. Underwriters were promptly acting in each time.

Dinesh

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We've had nothing but great service from Zahira and Kieron whilst working with MFS. It's a pleasure to work with a common sense lender who are efficient, dedicated, commercially minded and easy to communicate with. Thank you, and keep up the good work!

Chris Oatway

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Very tricky case, handled expertly by Jemma and the team, even though interest rates increased in the middle of the application, MFS ensured that any increase was as minimal as possible. Top effort and will be using MFS again

Craig

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I have known Kieron and MFS for circa 4 years. Nothing is ever too much of a problem for Kieron and he is very quick to respond to my enquiries. A few months ago we completed two very tricky transactions in excess of a million pounds of Bridging and Kieron sorted out every question and query that we came across. Kieron’s ability to quickly refer up the line was also extremely helpful and he has access to the decision makers who without doubt have a 'can-do' attitude! I run a team of 5 Commercial brokers and I have recommended MFS to them on a number of occasions, so expect a plentiful supply of new business! Thank you to all at MFS, you are a great bunch!

Andy Elley

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