Buying an investment property was the main reason people took out a bridging loan in the first quarter of 2016, according to MTF’s most recent quarterly Broker Sentiment Survey. Some 39% of the 106 brokers surveyed said the purchase of an investment asset was the main reason their client tapped bridging finance in Q1 2016. …
Last night, MTF was named Best Bridging Finance Provider at the 2016 Business Moneyfacts awards. The prestigious accolade, presented by comedian, Sue Perkins, reflects our unique approach to lending and is a great affirmation of MTF’s performance in this highly competitive field. At MTF, we place huge emphasis on offering a return to relationship banking by providing a …
According to our latest broker sentiment survey, an increasing number of brokers are turning to bridging loans after their clients failed to secure a mortgage. Some 86% of brokers noticed a rise in bridging loan volume during the fourth quarter of 2015, up from 76% in the previous quarter as more borrowers struggled to get …
MTF is delighted to feature as a top five property financing company, according to Spear’s 500 2016 edition. It is recognition for our asset-based approach to lending and the importance we place on listening to our borrowers, to provide tailor made loans in a fast time frame. The Spear’s 500 picks out the five best companies …
Bridging loans hit almost half a billion pounds during 2015 and are set to rise in 2016 as more people tap the fast form of funding and fill liquidity shortfalls. £432.5m of bridging loans were completed by its contributors in 2015, according to Bridging Trends data, a quarterly publication conducted by bridging lender MTF and …
Merry Christmas from all at MTF, we hope you enjoy the festive season and wish you a very happy, healthy and prosperous New Year. Please note, should you wish to contact us over the festive period, our offices are closed from 5:30pm December 23rd – 9am January 4th.
It’s only a few months until the European Mortgage Credit Directive (MCD) is implemented and the bridging finance industry is already gearing up to address a new set of rules which will expand the range of what constitutes regulated lending activity. The MCD will come into effect from 21 March 2016. Lenders and brokers alike …
MTF are introducing no legal fee bridging in the run up to Christmas. Any bridging loan applications we receive from today, which complete on or before 24th December 2015, will not be charged our legal fees on completion. If you have a bridging loan enquiry you wish to discuss, please do not hesitate to give …
We were recently approached by a developer looking to purchase a property which needed refurbishment. Her project focussed on a property in Croydon with an open market value of £450,000. She was unable to get a mortgage as she needed to move quickly and the property was not habitable. A condition of our bridging loans …
According to the results of our latest Broker Sentiment Survey, a staggering 93% of brokers considered bridging finance a useful financing tool during the third quarter, compared to 77% during the second quarter of 2015. 76% of the 203 respondents also revealed they had experienced a rise in bridging loan volume over the last quarter, …
