HIGH NET WORTH BRIDGING SOLUTIONS
We’re pleased to share the details of our award-winning bridging range, designed for your high net worth clients who are completing a house purchase or remortgage.
We have a dedicated team of bridging finance experts on hand to assist you, find out more here or get in touch on 01858 412345 (option 2).
Key features
Up to 70% LTV available and five year term for HNW
Application fee £95 and rates from 0.60% per month*
Lending up to £5m available
AVM use extended, for faster valuations and decisions
Easy access to Specialist BDM and underwriter
Same-day ESIS for simple cases and next-day ESIS for those with more complex needs
*Please note rates are approximate, interest is charged daily.
Products
We offer bespoke bridging solutions up to £5m, in addition to the ranges shown below that are ideal for simple and complex cases. For details of our standard bridging range, please visit our bridging solutions page.
Get in touch with your Specialist Business Development Manager for more information or to chat about our bespoke products.
| Product details | Min/max loan size | Approximate monthly variable rate* | Approximate monthly fixed rate* | Product fee | Application fee |
|---|---|---|---|---|---|
| Rates up to 50% LTV | £200k – £5m | 0.60% | 0.64% | 2% of the loan size | £95 |
| Rates up to 60% LTV | £200k – £5m | 0.66% | 0.70% | 2% of the loan size | £95 |
| Rates up to 70% LTV | £200k – £5m | 0.72% | 0.76% | 2% of the loan size | £95 |
| Product details | Min/max loan size | Approximate monthly variable rate* | Approximate monthly fixed rate* | Product fee | Application fee |
|---|---|---|---|---|---|
| Rates up to 50% LTV | £200k – £5m | 0.66% | 0.70% | 2% of the loan size | £95 |
| Rates up to 60% LTV | £200k – £5m | 0.72% | 0.76% | 2% of the loan size | £95 |
| Rates up to 70% LTV | £200k – £5m | 0.78% | 0.82% | 2% of the loan size | £95 |
* Please note: rates are approximate. Interest is charged daily.
Fixed rates are restricted to a 12 month term, see our product guide for more information.
Loan purpose
These are just some of the ways our bridging finance can be used by your clients:
Downsizing
Buying before selling
Re-bridge
Refurbishment
Raising funds for business purposes
If you’d like more information, or to chat through a case please call 01858 412345 (option 2) or email bridging@mhbs.co.uk.
Criteria
Which product is right for my client?
Our standard criteria for all bridging cases is:
- Minimum age 18 with no maximum age
- Up to four applicants
- Terms up to 12 months available or 60 months for your HNW clients
Our tier one products are suitable for loans between £200k and £5m and in the following instances:
- The security is made up of one or two residential properties
- There is a clear and simple exit strategy in place, for example:
- Sale of asset or security
- Refinancing
- Sale of investments
For development, refurbishment or commercial, please see our tier two and bespoke criteria.
Our tier two bridging range is suitable for loans from £200k up to £5m, that meet the following criteria:
- Other exit strategies including:
- Sale of shares
- Sale of overseas assets
- Or multiple repayment sources
- The security property/properties may include complex factors such as:
- Listed buildings
- Large acreage
- Annexes
- Multi-units
- More than one title to charge
- Flats
- Limited commercial use
- Light refurbishment required
We also offer bespoke bridging solutions, for loans up to £5m and for circumstances that are more complex, like those shown below.
- Unregulated loans where the security is residential in nature
- Where the property is in need of larger-scale refurbishment or development
- A loan for re-bridge purposes
- The funds are required for business use
- For HNW clients needing funds for longer than 12 months
Our bespoke bridging can also offer greater flexibility, talk to us about the ability to flex rate and fees.
Here to help
We’re here to help if you have any questions and are happy to chat through individual cases. Contact your Specialist Business Development Manager or email brokers@mhbs.co.uk.
Don’t take our word for it
We’re delighted that almost all brokers who review us on feefo give us a five-star rating, the highest possible score.
Here are some the things they say about us:
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