Bridging finance solutions

Let our team of specialists take care of your bridging cases. We provide regulated bridging loans for your clients, including those with complex scenarios, and consider unregulated applications where they involve residential property. To find out more, please talk to your nearest Specialist Lending Manager.

Why MHBS?

Product variations available to allow flexibility
Named underwriter for each case
Specialists in refurbishment with stage drawdowns

Key features

£200k – £3m loans
Terms up to five years available for High Net Worth individuals
Rates from 0.44% per month. This is an approximate monthly rate
Pricing options available
Interest charged on a daily basis
Fixed and variable rates available (subject to LTV)
Up to 60% LTV based on the Open Market Value
No exit fees or ERCs
Serviced and rolled up interest options available
No affordability assessment needed for rolled up loans
Maximum age 85

Scenarios

Downsizing
Buy before you sell
Build a property, in the garden or on a plot (stage drawdowns are available)
Complete an existing property development
Fix a broken property chain
Buy and refurbish your new home before moving in
Refurbish your house before selling
Re-bridge

We’ll consider other scenarios too, please talk to your Specialist Lending Manager.

Products and criteria

LTV	Loan size	Rates from	Application fee	Arrangement fee
≤60%	£200k – £3m	0.52%	£495	2%
≤45%	£200k – £3m	0.44%	£495	2%

These are approximate monthly interest rates.

We charge our interest on a daily basis.

Standard pricing model shown above. Flexible options available upon application:

Pro-rata reduction in arrangement and procuration fee
Reduction in arrangement fee with increased interest rate
– Every 0.1% reduction in arrangement fee increases interest rate by 0.3%

Note: interest rates on bridging loans are subject to a minimum interest rate of 5.24% per annum. Talk to us to find out more.

Other fees to be paid by your client:

Valuation fee
Legal fees
Quantity Surveyor fee (for some development cases)

Fees are outlined in the Society’s Tariff of Mortgage Charges.

Applicant criteria
Minimum age	18
Maximum age	85 at the end of the loan
Maximum number of applicants	Four
Residential status	• UK and EEA accepted • Non EEA with permanent right to reside in the UK considered
Non-EEA/Expats	Expat loans considered
Credit impairment	We are unable to accept credit impaired applicants

Security criteria
Location	England or Wales
Primary security	Must be residential in nature
Additional security	• We accept more than one property as security • We will consider a second charge on additional security • We will consider development land as additional security

Stage drawdown criteria
Timings	• Stages pre-agreed at application
Acceptable evidence	• Lender visits • Architect updates • Project manager letter • Photographs • Other options agreed in advance
Considerations	• Greenfield sites will require an additional security

Loan criteria
Amount	£200k – £3m
Term	Usually up to 12 months. Up to five years for High Net Worth individuals
Maximum LTV	60% overall based on the Open Market Value

We accept residential properties as security, for example:

Main home or new home
Second home
Buy to let
Holiday let
Houses with land, an annexe or a commercial element

We are happy to consider unusual properties, including the following:

Listed buildings
Large acreage
Properties with an annexe
Leasehold (with min 50 years at completion of the loan, 15 years in Central London)

Exit strategies

The sale of the primary security is often used to repay the loan but we also consider other methods:

Cashed in investments
Pension maturity
Sale of property abroad
Sale of buy to lets or holiday lets
Sale of land
Remortgage to a longer term facility

We’ll consider other strategies too, please talk to your Specialist Lending Manager.

Get in touch

Pricing is tailored to your clients’ individual circumstances. To find out more or discuss a case, talk to your nearest Specialist Lending Manager.