A bridging loan has inherently flexible features that make them an attractive alternative to mainstream lending. One of the most favourable aspects of a bridging loan is the speed that they can be arranged in. Terms can often be agreed within hours of an initial enquiry and funds released in a matter of days. Learn more…
In addition to this, no personal guarantors are required, and no credit scoring will take place.
Valuation fee: This covers the surveyor’s costs for carrying out your property valuation.
Arrangement/ Facility fee: The cost of setting up the loan, usually around 2% of the loan
Administration fee: The cost of our administration of the loan
Legal fee: usually charged at a set rate and pays our legal fees for completing the loan
There are no other up-front fees, exit fees or early repayment fees.
As an unregulated lender, MT Finance can provide first charge loans on properties where you and/or any family member do not live or intend to live. Click here to find out more about first legal charges with MT Finance.
Click here to find out more about second legal charges with MT Finance. As an unregulated lender, MT Finance can provide a second legal charge on a residential property where you or family members live if it is for business purposes.