The property world moves fast and so do we. We know that when you need funds to purchase an investment asset, you need the process to be as fast, flexible and as stress-free as possible. At MT Finance, we make sure you never miss out on an investment opportunity by providing funds with speed and agility.
What’s more, MT Finance will also take a view on CCJs, defaults, and arrears and we do not require a minimum credit score, or proof of income - instead, we focus on the property and your future plans. Our streamlined process includes no lengthy application forms, allowing us to offer your short-term loan exactly when, and how, you need it.
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product features:
- 1st & 2nd charge loans
- Loans from £50,000- £10,000,000
- Terms from 1-24 months
- Residential/commercial/semi-commercial assets
- Adverse credit, CCJs, and arrears considered
- No up-front fees, no exit fees, no ERCs
our process
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step 1
the
enquiryYou can apply one of three ways. You can either call us to speak to one of the team directly, send your enquiry via email, or fill in our Quick Enquiry form. Alternatively, you can Request a Callback and one of our experts will be in touch with you when convenient.
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step 2
the
offer
We will review your enquiry and if our criteria matches your requirements, we will review and respond with an Offer in Principle (OIP). We can usually provide you with an OIP within 2 business hours. If you're happy with our offer, simply sign it and email it back to us.
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step 3
the
valuation
We will instruct a RICs surveyor from our panel to value all properties offered as security for the loan – our valuation reports are typically produced within 72 business hours. Whilst we wait for the valuation report, we will need your solicitor’s details.
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step 4
the
solicitors
We will send your solicitor our Checklist of Requirements. If the valuation report is acceptable for the loan to proceed as per the terms agreed, we will confirm this to your solicitor and then issue the mortgage deed for your witnessed signature.
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step 5
funds
released
Once our solicitor is in receipt of all satisfactory replies and supporting documentation, we are ready to go! Within 24 hours of receipt of the report on title, we arrange the transfer of funds to your solicitor to complete the transaction.
we are a leading property finance lender
providing fast, flexible and transparent solutions including:
Bridging Loans: Designed to help you bridge the gap
When you need a bridging loan, the last thing you want is a complicated process. That’s why we take a common-sense, fuss-free approach. Whether you're securing a property or acting on a time-sensitive opportunity, we move quickly to help you move forward with confidence.
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Bridging Loans: Introducers & Intermediaries
When your client needs a bridging loan, they want a stress-free process. By adopting a common-sense and fuss-free approach, we can deliver funds exactly when, and how, they are needed – preventing your client from missing out on time-sensitive opportunities.
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BTL Mortgages: Introducers & Intermediaries
Guided by a streamlined process, a hands-on service and a flexible approach, our BTL mortgage products are tailored to suit . We tackle everything with a can-do attitude so if you think your case works on its own merits, chances are, we will too.
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Commercial Mortgages: Introducers & Intermediaries
At MT Finance, we believe access to specialist finance should be straightforward, responsive, and tailored to real-world needs. Unlock our flexible commercial solutions with specialist and standard commercial mortgages designed with you in mind.
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What Are The Pros of Bridging Loans from MT Finance?
Speed - The speed of funds is the main benefit of using bridging finance, with deal completion often within an average of 1 to 6 weeks. When compared to a typical mortgage that can take weeks and months to get a decision and complete, MT Finance can usually give indicative terms on a bridging loan within 24 hours.
Our goal is to help streamline the process for you as quickly as possible, whilst carrying out all essential checks on you and the property. So, if you have a property that is sought-after or being purchased at an auction, our team is ready to help you complete as fast as possible.
Become a Cash Buyer - With bridging loans, you are converted into a cash buyer, allowing you to avoid the traditional delays associated with property chains and helping you to complete on a property immediately. With chains often being the main reason that a property purchase is delayed, you can avoid a lot of headaches to complete the deal as soon as you can - making it ideal for property buyers, developers, and investors.
Flexible Borrowing - Bridging finance reviews every candidate on a case-by-case basis, making it far more approachable than mainstream banks and lenders. MT Finance is able to take an individual view on a customer, their property and their history, which results in providing more bespoke terms for you and your project. With the option to borrow large sums over 1 to 24 months, we are pleased to offer a flexible arrangement to suit your requirements.
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What Are The Types of Bridging Loans?
Open - With an open bridging loan it means that the end date or repayment date is not yet finalised. Your exit might be to renovate and sell the property at a higher price, but the date is not yet confirmed. In most cases you will be required to pay back the loan within 24 months or refinance at this point under different terms.
Closed - With a closed bridging loan, you will have fixed terms and a clear repayment date. This could be from buying a property through an auction, purchasing a new home before being able to sell your own one or even transforming a property and renting it out through buy-to-let.
First or Second Charge - MT Finance can offer bridging loans by way of first or second charge. As first charge, this takes priority as the first payment to be collected from the property each month. As the second charge, this is the second priority when it comes to repayments against a property. If you have an existing mortgage, your bridging loan will typically be your second charge, also known as a second mortgage.
Fixed or Variable Interest - A bridging loan will have either fixed or variable rates, whereby the rates you are charged will stay the same throughout the loan term (fixed) or they are variable and will change during the loan term.
Bridging Loan Example
Our client required £128,009 to undertake a heavy refurbishment on one of their rental properties which included a loft conversion, downstairs extension, and a renovation throughout. Within 2 weeks, we delivered a second charge bridging loan of £128,009 against their additional rental property at 37.8% loan-to-value over a 12-month term.
Property Purchase case studies
