Bridging Loans in Manchester, Lancashire and The North West

 

For bridging loans in Manchester and the North-West, MT Finance has a dedicated Business Development Manager who can assist you every step of the way.

We have a superb track record in Manchester and surrounding areas such as Chester and Cumbria and we can offer fast funding for a property transaction ranging from £50,000 to £10 million repaid over 1 to 24 months.

Chris Parr is our dedicated business development manager for the Manchester area. Enquire today using our form or call on 0203 051 2331.

Why Use MT Finance For Bridging Loans in Manchester?

We have an understanding of the local area and can draw on our knowledge and experience of Manchester to help you guide your property transaction in the best way possible.

Our customer service is what separates us from other bridging lenders, being available and helpful to achieve your goals. We have been consistently recognised with awards for customer services by Moneyfacts and other industry experts.

We can start by understanding your project and offering an initial quote. Subject to further checks, we can grant you an offer and aim for funding in 2 to 4 weeks.

With no up-front fees, no early repayment charges or exit fees, MT Finance will always help you access the most competitive rate, tailoring a solution to fit your financial requirements.

What Can Bridging Finance in Manchester Be Used For?

Bridging loans allow you to become a cash buyer so that you can complete property transactions quickly, avoiding lengthy mortgage processes and property chains.

Property developers or investors may be looking to fix up a property and resell it for a higher price, rent it out to tenants or simply build a portfolio.

We offer bridging finance in Manchester for residential, commercial and multi-purpose properties via first or second charge loans, auction finance, refurbishment loans and more.

We can assist with the purchasing and renovation of:

    • Barns and farmhouses

    • Commercial property

    • Offices and work environments

    • Residential investments, including HMOs and multi-lets

    • Semi-commercial property

    • Student accommodation

What Fees Come With Bridging Loans?

We charge a monthly interest rate which may vary depending on various factors such as the level of risk and LTV. See our product guide for up-to-date figures.

Exit fees typically apply if you wish to end the loan agreement before its maturity date. At MT Finance, we do not charge any early exit fees.

How To Apply With a Bridging Loan in Manchester With MT Finance

Simply get in touch with our BDM, Chris Parr, who oversees our deals and completions in Manchester. You can email us at enquiries@mt-finance.com or call 0203 051 233.

We require some basic information about the property, including its current valuation and your proposed plans for it. We require applicants to have a clear exit strategy and show evidence of costs and analysis – and this allows us to lend to customers with confidence.

It is also helpful to have essential business information at your fingers, including previous bank statements, proof of identification, proof of assets and liabilities.

FAQs

Which Areas of Manchester Do You Serve?

We cover the whole of the Manchester region, including Chester and Cumbria. More specifically, we can assist with bridging terms in the following locations:

Manchester & Greater Manchester: Altrincham, Bowdon, Chorlton, Cheadle, Didsbury, Hale, Heaton Moor, Heaton Mersey, Prestbury, Sale, Stockport, Timperley, Trafford, Worsley.

Cheshire: Alderley Edge, Knutsford, Wilmslow, Macclesfield, Nantwich, Tarporley, Sandbach.

Lancashire: Lytham St Annes, Clitheroe, Poulton-le-Fylde, Whalley.

How Long Does a Typical Bridging Loan Take To Be Approved?

We always aim to complete bridging deals as quickly as possible and very often complete them within 2 to 4 weeks. This timeline may vary depending on the complexity of the transaction.

Do You Pay Monthly Interest On a Bridging Loan?

Yes, the repayments are rolled up until the end of the loan term and paid upon the exit, sale of the property, refinance of the loan or if it is converted into a buy-to-let-mortgage.

Is It hard To Get a Bridging Loan?

Not necessarily. Bridging lenders are willing to take a view on customers with adverse credit histories and are able to offer loans as long as there is good security and a well thought out exit plan in place.

What Happens To My Property If I Cannot Repay?

In the event that you cannot repay your bridging loan or your construction work is taking too long, your property may be at risk of repossession or you may have the option to refinance your loan under different terms.

Simply email us at enquiries@mt-finance.om or call 0203 051 2331 to speak directly with Chris Parr, our specialist BDM for Manchester and the North-West.