Who Do We Lend To?
Many lenders, when considering a loan application, follow a set of tick boxes on a form. If enough tick boxes are filled in then the application is approved, and if not, it is declined.
There are many cases where a standard loan will be declined. At MFS, each loan application is assessed on a case-by-case basis rather than following strict guidelines. Bridging loans are designed to overcome financial situations or to take advantage of investment opportunities quickly and without enduring the lengthy and complex applications often requested by main stream lenders.
We have our own panel of solicitors and surveyors who can quickly perform the property valuation and take care of the legal process.
MFS bridging loans are available to individuals and businesses alike e.g. Limited, LLPs, SPVs, Offshore etc. and for an array of circumstances e.g.:
- Meeting transaction deadlines
- Broken chains
- Missed mortgage
- Released capital
- Replacing existing finance
- Non renewal from existing lender
- Business cash flow
- Short-term working capital
- Divorce settlements
- Annulment of bankruptcy
- Transferring from individual to company
- Tax, liabilities, IHT,CGT, VAT
- Discharging adverse credit
- Exiting IVAs
- Repairing CCJs