Residential Bridging Loans & Buy to Let
Often our clients are keen to add a new property to their portfolio, but risk losing out on an opportunity whilst waiting for the lengthy bank approval application. This is where residential bridging loans can provide the perfect solution.
Bridging finance is a form of alternative finance that allows you to raise large sums of cash, fast – without going through a lengthy application process.
This allows buyers to react fast to property investment opportunities and acquire valuable assets for their portfolios, to refurbish and sell, or even to let.
Likewise, if you are a property investor applying for a loan, it can take a long time if you do not have the funds ready to purchase a property outright.
With our bridging finance you can purchase the property you have in mind promptly, while making other arrangements for the long-term financing of the asset.
What are residential bridging loans used for?
People use residential bridging loans for a variety of reasons, including:
- Funding a refurbishment
- Extending a lease
- Buying a new property while awaiting completion of a sale
- Property investment opportunities – including commercial properties
How much will I be able to borrow?
With our bespoke bridging loans, we look to tailor your MFS experience to suit your specific needs.
We therefore offer residential bridging loans from anywhere between £100,000 to £10 million+.
Please see our criteria page for more information.
Residential Bridging | What we do:
- Company-owned residential properties
- Light / medium residential refurbishments
- Simple residential
- Large loan / Luxury development
- Ex-local authority
- Multiple leaseholds
- New build
- Newly-converted flats
- Standard construction, bungalows, excouncil, maisonettes
- Buying from receiver
- Property acquisition
- Freehold and leasehold
Buy-to-Let | What we do:
- Acquisition to BTL
- First-time landlords
- Refinance portfolios
- Mixed portfolios
- Refinance to let
- BTL properties
- New build property purchases
- Light development to purchase or refinance with intent to let
- Leasehold > 40 years
- HMO
- Buying from receiver
- Property acquisition
- Freehold and leasehold
What can I use as an exit strategy?
There are many ways to repay a bridging loan, but the first thing to remember is not to panic.
We’re here to help you every step of the way, including setting up a viable exit strategy that works to your time schedule.
Popular exit strategies include:
- Traditional long-term finance – e.g. Waiting for a mortgage
- Waiting for your current property’s sale to complete
- Refurbishing and reselling your asset for a profit
- Renting out the property and mortgaging
Get in touch with our team
We will get back to you really quickly to discuss your project.
Are you an Intermediary?
+44 (0) 20 7060 1234
Need help? Contact our experts.
Send us a message: info@mfsuk.com.