Bridging finance can present a real solution to those who are asset rich but lack liquidity, providing a quick injection of funding to finance acquisitions and expansions. For example, we recently helped a client who required £1,000,000 to expand his business abroad. Funds were required very quickly so that the client could take advantage of …
UK bridging lending activity increased in the second quarter as uncertainty over the general election led to delays in lending decisions from the residential mortgage market. According to the Bridging Trends data, Q2 saw a significant uplift in bridging loan applications for mortgage delays – increasing from 8% in Q1 to 33% in Q2 and …
The most recent MTF broker sentiment survey has revealed 77% of brokers perceive bridging finance as a useful financial tool. Of the 23% who saw bridging finance as a last resort, 22% said they were either ‘not familiar’ or ‘somewhat familiar’ with bridging finance and the range of options available. It’s positive to see …
MTF has won the award for ‘Service Excellence’ at the Bridging & Commercial Awards 2015. The award was presented yesterday during an all-day event held at The Hurlingham Club in Fulham. MTF beat off some stiff competition in the category including Precise Mortgages and United Trust Bank. At MTF providing a good service is one …
There are a number of instances when bridging finance provides quick and critical access to business owners who are trying to raise funds. MTF recently completed a bridging loan for a borrower who worked as a television producer and was looking to raise £247,000 to start a new television show. The client attempted to borrow …
Speed is critically important in bridging finance. It is what makes bridging finance a fundamentally useful tool for those who need to raise funds within a short time frame. As an example, MTF was recently approached by applicants who had exchanged contracts in 2013 to purchase an investment asset in Southwark, London, off-plan from a …
MTF has been named Best Short-term/ Bridging Lender at the Financial Reporter Awards 2015. This is the second time MTF has won this award. We previously won the award in 2013, and having been awarded Highly Commended in the Best Service from a Bridging Finance Provider category at the Business Moneyfacts Awards last month, it …
MTF has joined together with leading representatives from the bridging finance industry and launched a new measuring tool, graphically highlighting the latest trends shaping the UK’s bridging finance market. Published quarterly, Bridging Trends covers our own figures and data gathered from packagers: Brightstar Financial, Enness Private Clients, Positive Lending and SPF Short Term Finance (SPF), with …
Property refurbishment is the most popular use for bridging finance, according to the latest results from our broker sentiment survey. 57% of the 360 respondents listed refurbishment as the most popular use for bridging loans over the first quarter of this year. As rising property prices push down rental returns, property investors are increasingly seeking out assets in …
Bringing an investment property back to life is a great opportunity. But arranging the finance to purchase a property and fund the renovation works can be challenging as many mainstream lenders are still adverse to refurbishment lending. We were recently approached by a borrower who targets buy-to-let properties, buying them in a run-down state and …
