Looking for a buy-to-let bridging loan to secure a property quickly, refinance, or fund light refurbishment? Market Financial Solutions is a residential bridging lender offering short-term BTL bridge loans for landlords and property investors, assessed on a case-by-case basis.
“Residential bridging loans are short term loans designed to “bridge the gap” between financial payments when buying and selling a property which will be lived in.
Residential bridge loans are often used by property investors looking to increase their portfolio quickly, or purchase, renovate and sell on a property.
Buy-to-let bridging loans are used to buy assets that are specifically intended to be rented out to tenants. This can include a single tenant or family, or multiple tenants living in a house of multiple occupation or an HMO.
These loans are secured against the residential property. They are very flexible, so you decide things such as how long you want the loan for and how you’d like to pay the interest, with the ability to roll, defer and service.
Often, buyers can spot an investment opportunity but risk missing out due to delays during which, other investors may swoop in and buy the property. Bridging loans allow purchases to be completed promptly, providing breathing space for the next step.”
Residential bridging finance is a loan for use on properties that can be lived in.
This is often in the form of:
The short-term loan is generally used to ‘bridge the gap’ that can appear when purchasing a new property. Often our clients are keen to add a new property to their portfolio. They might risk losing out on an opportunity whilst waiting for long-term finance being set up, or for a previous property to sell. This is where a buy-to-let bridging loan could provide the solution. The client can purchase the property promptly. Meanwhile they can make other arrangements for the long-term financing of the asset or waiting for the previous property to sell.
Market Financial Solution, as abn experienced residential bridging loan lender, can provide fast BTL bridging loans to purchase a property in England or Wales.
On buy-to-let or residential real estate, you are able to borrow from £100k to £4m. If you wish to borrow more than this, it will be a Large Residential Bridging Loan. Here, you are able to borrow up to £20m on a single property, or £50m for a portfolio of properties.
Auctions can be a great place to look for good value properties, commercial or residential real estate alike. They are also popular for those looking to work on refurbishment projects. They can redecorate and refurbish, and then resell the property for a potential profit. Auction finance is designed to move quickly, as auction houses usually provide a tight completion window of 28 days.
Buying new build properties is particularly popular with overseas clients. The period of exchanging and completing on a new build is generally set by the developer and often around 2 weeks. Not having their finances sorted in time, might put the borrower’s deposit at risk. A residential bridge loan is usually required when the buyer is not able to secure the funds through a traditional lender by the set completion date.
Many borrowers use a residential or buy-to-let bridging loan because they are fast. Traditional lending is a long process. In many cases, it can take up to 130 days – even for a seemingly simple application. This delay can put the borrower’s purchase at risk of falling through, or open to gazumping tactics from other buyers.
A client might look to expand their property portfolio. Residential bridge finance can be a short-term solution for purchasing commercial assets or embarking on other business ventures. Much like with residential properties, this is usually due to the speed & flexibility in which funds can be deployed. They can secure their buy-to-let bridge loan on the residential asset to release funds. If they are purchasing a commercial property, there is also the option to look at a commercial bridging loan.
With residential buy-to-let bridging loans, you can purchase a property where someone will be residing. This includes:
When assessing a buy-to-let bridging loan application, we focus first on the property and security, the loan term, and a clear exit strategy – most commonly a sale or refinance. We’ll also review the overall strength of the case, including the borrower profile and the wider context of the transaction. Where relevant, we may consider letting or ownership history as part of the assessment (requirements can vary by case), but our aim is always to form a balanced view based on the full picture rather than a single metric.
These BTL bridging loans can be used by almost anyone wishing to purchase residential property – providing they are not going to live in it themselves. As a residential bridging lender we often see these clients:
You can have funds in your account in as little as three days. We will also reply to your enquiry within four hours. We work at the pace of the client to make sure that any deadlines are met.
Our fees include an arrangement fee. This fee starts from 2% of the gross loan amount. There are no early repayment charges on our residential and buy-to-let bridging loans. We also charge a commitment fee, which is refunded on completion.
As each case is unique, we may need different paperwork dependent on the circumstances.
However, some of the standard documents/information that we request to process your residential bridging loan include:
As a residential bridging lender, Market Financial Solutions takes a bespoke underwriting approach rather than relying on rigid, tick-box criteria. That means we look at each deal on its merits and consider the factors that matter most to the transaction – particularly the asset, the structure of the deal and the proposed exit. Our process is designed to be clear and responsive, with an experienced team that can support more straightforward cases as well as scenarios that don’t fit standard lender templates.
Call or email us today to get your application started.
You can call on +44 (0) 20 7060 1234 or email info@mfsuk.com. You will be connected with one of our dedicated underwriters, who will discuss your requirements with you, and guide you through the process.
