August saw the launch of our ‘Get Back to Basics’ nationwide advertising campaign. The idea is simple and revolves around our commitment to transparent efficient bridging finance.
The mortgage market continues to be a difficult place in which to raise property finance. From one end of the spectrum to another the major banks and lending institutions have regressively redefined ‘adverse credit’ in such broad terms so as to make it a challenge for the best of borrowers to arrange a mortgage quickly if at all. The goal posts keep shifting.
Back To Basics is a simple slogan which underpins our simple approach to bridging finance. No Nonsense. Non Status. Bridging Finance Loans. At MT Finance we tell you straightaway what we can and cannot lend. A simple, fast, and efficient way to quickly secure bridging finance.
MT Finance – Commercial Property Finance Launched
Following the recent launch of new commercial bridging finance lending facilities we recently completed a bridging loan on a Hotel located in East Sussex which the borrower purchased at a discount to value with the intention of securing planning permission
Although our focus remains very much on residential property the expansion into lending over purely commercial assets represents a further commitment to providing the market with a genuine alternative.
For more information or a quote on a bridging finance loan to be secured over a commercial property contact us today.
MT Finance – Commitment To Non Status Lending – Case Fact
When we say we’re not status lenders we mean it.
We believe that what a borrower intends to do now and in the future is more important than the problems they may have had in the past.
A case in point from August is a 2nd charge bridging loan secured over a property in Central London involving borrowers who had accrued arrears of 6 months on the principal mortgage. The loan was approved and structured in such a way as to clear the existing arrears and to give the borrowers the time and space to get their finances in order.