find a bridging loan that suits your needs
At MT Finance there is no one size fits all approach when it comes to bridging loans. Our range of loans have all been designed to meet borrowers’ different financial needs and requirements, from funds to quickly secure an auction purchase to second charge refinancing alongside an existing mortgage. Here’s an overview of what we offer and how each one can help.
A bridging loan is designed to quickly ‘bridge a gap,’ until longer-term finance can be arranged. With loans ranging from £50,000 to £10,000,000, our bridging loans are available as a first or second charge and up to 70% LTV. Rate start at 0.65% and can be used for residential, commercial, or semi-commercial properties.
When it comes to auction finance, time is usually in short supply. Our team of case managers, underwriters and external partners all understand the need to move extremely quickly. We can also approve an application prior to an auction.
Rates begin at 0.65% and loans are available between £50,000 to £10,000,000 and up to 70% LTV for residential, commercial, and semi-commercial properties.
An effective way of raising funds quickly, a property purchase bridging loan enables landlords and investors to take advantage of investment opportunities in the buy-to-let market and avoid any potential chain-break situation or delays. First and second charge loans are available on loans from £50,000 to £10,000,000. Borrow from up to 70% LTV, with rates starting at 0.65%. This loan can be used on residential, commercial, and semi-commercial property.
light refurb loans
If your investment property needs an upgrade, then our light refurb bridging loan will help deliver funds quickly and efficiently. Tailored to meet the needs of property investors, landlords and developers, this loan can be used for residential, commercial, and semi-commercial properties with rates starting at 0.65% and up to 70% LTV. Available for first or second charges, we can lend between £50,000 and £10,000,000.
property conversion loans
If your refurb project requires structural changes, our heavy refurb product is designed to help property investors and developers fund their conversion, with speed and minimum fuss.
Loans are available from £50,000 and £500,000. Rates start at 0.80% and up to 100% of build costs are available. We know that budgets can often change during a project, so we also offer further draw-downs. Funding can also be provided in stages to help keep the costs down. Our heavy refurb bridging loan can be used for residential and commercial properties up to 65% LTV.
With rates from 0.65%, our business funding loan can help business owners meet a variety of business objectives. We lend between £50,000 and £10,000,000 at up to 70% LTV for residential, commercial, or semi-commercial properties. Both first and second charge loans are available.
second charge bridging loans
If additional funds are needed for a short amount of time, then it is worth considering a second charge loan. Available to secure against residential or semi-commercial properties which already have a mortgage, we can lend between £50,000 and £10,000,000 at up to 65% LTV. Owner-occupied residential properties can be loaned against if the loan is for business purposes. Rates start at 0.75%.
It’s also worth remembering that none of our bridging loans require any upfront fees and there are no early exit fees or early repayment charges. Terms on all our loans range from one to 24 months meaning you can decide on what terms suits your needs.
We are an asset-based lender, meaning we lend solely on the value of the asset and are more interested in your long-term plans. Therefore, MT Finance do not carry out any credit scoring either and we will take a view on adverse credit histories, including CCJs.
For more information on any of our bridging loans, simply email the team or call 02030512331. Alternatively, you can fill out our contact form and a member of the team will be in touch with you shortly.