Quick decisions for simple bridging cases

Product News

26TH MAR 2021

Quick decisions for simple bridging cases

Here at MHBS, providing bridging finance is one of our specialisms. We can quickly turn around your straightforward cases and provide a helping hand to find a successful outcome for your more complex cases.

We use AVMs where possible and have a dedicated bridging underwriter who you can contact directly – you can find out more about Marcus below.

Even faster decisions for simple cases

Recently we received an application from a client who was looking to purchase a property which was part of a chain, with a tight completion deadline. We used an AVM and secured the funds against her current residential property, which helped us turn around the application quickly. By working closely with the intermediary, we agreed a mortgage offer in under two weeks, which meant the client hit the deadline and secured the property she wanted.

Bridging finance for a variety of scenarios

Our bridging finance solutions cover a range of scenarios and, depending on the exit strategy, most are considered simple, including:

  • Downsize
  • Buy before you sell
  • 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 can also provide bridging finance to clients looking to build a property, in the garden or on a plot, and stage drawdowns are available. These cases are more complex, but we’re experienced in providing a helping hand to find a successful outcome. You can find out more by visiting our bridging finance product page.

Meet Marcus, our bridging underwriter

Marcus has over 20 years’ experience working in the financial services industry and joined MHBS as a Senior Mortgage Underwriter in 2016.

“I really enjoy the variety of my role. It’s fast moving and there’s never a dull moment! The decisions I make can have a big impact on people’s lives, so I know how important it is to meet deadlines and keep everyone informed. You can rest assured your application is in safe hands and I will keep you informed as the case progresses. Remember, I’m only a phone call away if you ever need to check on anything.
You can’t beat that feeling, knowing you’ve helped someone move house and achieve their property dreams.”

Read more about our bridging finance solutions or contact your Specialist Lending Manager to discuss an individual case.

Article details are correct as at 26 March 2021. Pricing is tailored to your clients’ individual circumstances.