BRIDGING FINANCE OFFERED IN SIX DAYS TO SECURE A DREAM HOME IN THE COUNTRY

At MHBS, our expert bridging finance team have helped many intermediaries secure bridging finance for clients, enabling them to borrow funds as quickly as possible, for up to 12 months (or five years for high net worth clients). With our team’s experience and proactive approach well-packaged, straightforward cases can go from application to offer in less than a week. The team can be contacted here.

The clients’ scenario

Our intermediary partner spoke to us about his latest clients, a couple looking to secure bridging finance to buy their dream home in the country. They needed a quick bridging loan due to their property chain breaking down and with their purchase at risk of falling through. They used their current property as security and planned to repay the loan after selling their original home. 

Our solution

Knowing it was an urgent case that needed a fast turnaround, our team worked with the intermediary to offer a bridging loan with rolled-up interest for 12 months. The case progressed from application to offer in just six days. This was made possible by having a well-packaged case from the intermediary and a dedicated bridging finance team in place to case manage and underwrite side by side. 

We also used an AVM to value the property and dual representation to speed up the process. 

Five star Feefo review

We received the following feedback from our intermediary partner:

“From initial enquiry to speaking with Liz the underwriter, the team were very knowledgeable, helpful and accommodating.”  

Bespoke products and a flexible approach

To find out more about our flexible approach, read bridging specialist William Edward’s spotlight on bridging finance.

If you have a simple or complex case on your desk, please give our bridging team a call on 01858 412345. We approach every case with a can-do attitude and our flexible products mean we often find solutions to scenarios other lenders turn away.

This is a recent case example, pricing is tailored to your clients’ individual circumstances. Article details are correct as at 24 November 2023.