Who Do We Lend To?
Our aim is fit a loan around your financial needs, so we’ve designed our Bridging Loan criteria to allow for speed, flexibility and reliability when it comes to who do we lend to?
This means we are ready to help with a wide range of financial situations or investments, without putting you through a lengthy and confusing process.
If you need finance quickly, our panel of solicitors and surveyors are always ready and will swiftly perform the property valuations, taking care of the legal process.
Who is eligible for an MFS Bridging Loan?
Whilst Bridging finance is a preferred choice for landlords, property developers and investors alike, our bridging loans are designed to be flexible to focus on your situation, not necessarily the buyer themselves.
That’s why, unlike other lenders, our simple Bridging Loan application is assessed on a case-by-case basis, to tailor your experience in a highly unique way, and make sure that your Bridging Loan criteria is met, as well as ours.
So you can say goodbye to those generic tick boxed forms and restrictive guidelines.
Bridging Loan Applicant Criteria
- Self employed
- Complex structures
- All UK
- All EEA Nationals
- All countries except sanctioned states
- Serviced monthly
- Interest rolled up
- A combination of both
We’re always ready to listen, so if you’d like more information on how we can help with any potential projects, email us at firstname.lastname@example.org or give us a call on 0207 060 1234.
Will my credit history affect my application?
There are many cases where a standard loan will decline an applicant due to earlier circumstances.
We understand that not every situation is the same and we specialise in the complex.
Whereas traditional lending may use a limiting criteria, we asses applications case-by-case and work with you to tailor your loan specifically to suit your financial needs.
One of our dedicated underwriters will be there to walk you through our simple 6 step process and be available to answer questions and update you on the loan process, at any time.
Our loan flexibility allows us to consider cases in scenarios usually dismissed by other lenders. Whether that be:
- 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
MFS Bridging Loans are intended to cater for both individuals and businesses alike, including Limited, LLPs, SPVs, Offshore companies.
If you’re a broker, you can get in touch here. Our team is ready and waiting, and you can expect a reply within 4 hours.
In what situations can I use a Bridging Loan?
Bridging loans can be used for a variety of reason:
- To buy a property at auction
- To buy a property whilst selling another
- Property investment opportunities
Bridging loans allow you to open up new and exciting property opportunities.
For more information on our bridging loans, why not read our comprehensive guide, or to for more details on how we can help, why not check out our case studies, blog or even download one of our reports for later.
What is an exit route?
An exit route is part of the Bridging Loan criteria that a lender will look at before approving a loan. It is simply the way you plan on repaying the loan at a later date, and helps our underwriters minimise the overall risk that could affect your Bridging Finance.
There are many ways in which this can be done, and here are some of the more common approaches:
Selling the Asset
Refinancing / Buy-to-Let Mortgage