mtf launches new heavy refurb bridging products
We have launched a new heavy refurb range with reduced rates to support our brokers and clients.
The new heavy refurb bridging products are available from 0.80% on LTVs of up to 70% of the open market value.
These new products are designed to cater for the increase in demand from our borrowers who are wishing to add value to their investment by undertaking heavy refurbishment works. We accept both first and second charge applications with up to a 24-month loan term. There are no exit fees or early repayment penalties.
Borrowers can apply as individuals or through limited companies and the types of heavy refurbishment accepted include basement digs, loft conversions, completing a development project and commercial conversions to residential.
As part of the changes, we have simplified our pricing and dropped rates across our entire range. Rates now start from 0.75% on both our first and second charge bridging loans.
Over the past 10-years, mtf has been consistently improving and streamlining its processes to offer borrower-friendly, fuss-free products that are transparent from the outset.
Having listened to feedback from broker partners and clients, we have created these new products to help property investors and developers access the finance they need, with speed and with minimum fuss.
Property investors and developers are integral to the UK housing market, so it is vital they get the support they need so they can continue to provide supply to meet the ever-constant demand. At mtf, we are dedicated to supporting property investors and developers with the funding they require through our range of 1st and 2nd charge bridging loan products.
To find out more, speak a member of our team on 0203 051 2331 or click here to fill out our quick enquiry form.