OUR BRIDGING TEAM IS THE BEST IN THE BUSINESS!

As the first mutual to offer bridging finance, we were thrilled to be named Best Short-term Lender at this year’s Financial Reporter Awards.

This accolade is a testament to our incredible team of experts who specialise in both simple and complex application. They manually assess each case on its merits and always look for ways to say ‘yes’.

As a result, we can accept cases other lenders turn away and recently came to the rescue when a broker approached us about a client needing a re-bridge. Unable to obtain funds from their current lender, we thought outside of the box and found a solution that met the client’s needs.

The client’s scenario

In this case, the client required a short-term loan to repay existing bridging finance, which was taken to buy out another party with a financial interest in their property. The client needed an additional 12 months to give them time to achieve their exit strategy.

Our solution

Working closely with the broker, our dedicated team of bridging finance experts took an open-minded, proactive approach. The underwriter took the time to talk to the client to understand the overall picture, and help find a suitable solution that they were comfortable with. We offered a re-bridge, with rolled-up interest for 12 months. The client’s exit plan was to re-finance with a long-term mortgage. This straightforward solution progressed from offer to completion in just five days.

Commenting on how we handled their case, Chris Kenny of My Mortgage Specialist said: “My clients were in a difficult place and had been let down by other lenders for nonsensical reasons. Then, along came Market Harborough Building Society. By showing a little bit of common sense, they helped my clients out of a stressful and difficult spot. I don’t think words exist to describe the impact of what they made happen. They are a shining example to the rest of the industry.”

Liz Griffiths, Mortgage Underwriter at Market Harborough Building Society added, “We understand that when clients come to us for bridging finance, time is of the essence and lots of emotion rests on our decision. As we are used to dealing with out-of-the-ordinary scenarios, we will never rely on a computer to assess the case. Instead, we seek to understand the details and apply our expertise to provide a quick, reliable decision and find a way to overcome any challenges, like in this case.”

Experience our award-winning service

If you’ve got a simple or more challenging short-term case to place, why not try our award-winning service on 01858 412345 (option 2), our dedicated bridging team will be happy to help.

This is a recent case example, pricing is tailored to your clients’ individual circumstances. Article details are correct as at June 2024.