Residential Bridging Loans

Residential Bridging Finance

At MS Lending Group we pride ourselves on providing fast, flexible and reliable short term property finance. We don’t work with tick boxes; we evaluate each deal on a case-by-case basis. We provide an agreement offer in principle from just a few hours, as well as direct access to decision makers. 

We are certain that we can help you succeed, reach your residential goals and guide you through the process. You can feel confident that our speedy, secure services for residential bridging finance is the right service for you.

What is a Residential Bridging Loan?

A bridging loan is a short- term financing option used to help bridge the gap between the purchase of a new property and the sale of an existing one, generally used to help compete quickly in the property market.

A bridging loan is designed to provide immediate funds, so it is important to us that we offer fast turnaround for our clients. 

What a Residential Bridging Loan Can Be Spent On

While residential bridging finance can be spent on purchasing a property, and this is typically the primary use, there are unique circumstances that apply to each client whenever immediate finances are necessary.

Some of these circumstances may include, but aren’t limited to the following:

• Property Renovations: Quick funds may be necessary if there are emergency renovations needed prior to securing a more long term financial solution, if this is the case then a residential bridging loan can be helpful. 
• Supporting a property chain: If you’re running a property chain, it is crucial that there are no breaks. If there is a risk of a break, residential bridging loans can help in supporting it so it can continue.
• Residential Auctioning: Auction purchases of property are highly popular, and there is likely to be a down payment required right away, a bridging loan can do this for you.
• Buy to Let Investments: Buy to let is a common reason to take out bridging loans for residential property, it can help in reactiveness for purchasing a suitable property before a longer term financing solution is found. 
• Equity Release: Another use of a residential bridging loan is for those that want to release equity from their property quickly. 
• Remortgaging: We can help in facilitating and improving a property before remortgaging onto a long term regulated mortgage. If a customer has adverse credit, and may need 12 months to improve their credit, due to this, a bridging loan is often a good solution.

The bottomline for all bridging loans for residential property is that it is access to funds fast, which is precisely what we do day in, day out.

With a quick application process and a short repayment period, bridging loans are a convenient solution for clients in need of temporary and fast funding to facilitate a smooth transition during property transactions.

Eligibility Criteria: Who Can Benefit from Residential Bridging Finance

The good news is, a residential bridge loan is fit for a sole trader, a limited company or just you. 

Residential bridging loans are unique in that they are based on more practical assessments such as the validity of exit strategies and the genuine likelihood of success in the investment plan. 

What sets residential bridging loans apart is their focus on a specific case, rather than rigid criteria like perfect credit scores or extensive financial histories. Instead, our lenders at MS Lending Group evaluate key factors such as the feasibility of the investment and the plan ahead whether that be a property sale, refinancing, or other means. 

This means that even if you don’t fit the mould of traditional lending criteria, you shouldn’t be discouraged as a residential bridging loan could still be a viable option, provided your plan demonstrates genuine potential for success. 

This pragmatic approach ensures that borrowers can act quickly and confidently, with the ability to act fast on opportunities as they arise in the property market.

Residential Bridging Loan: Timeline of an Application 

Applying for residential bridging finance with MS Lending Group is designed to be straightforward and efficient, we want to ensure that this is an exciting time, looking forward to new investments and revenue streams – not with additional stress.

However, all that being said we completely understand that when it comes to residential property transactions, time is critical. 

That’s why many of our clients have accessed residential bridge loan funds in a matter of days, proudly delivering on speed and reliability when you need it most.

While our application process is thorough, guiding you through the details of bridging finance, how it can support your goals, and your responsibilities as a borrower, we ensure that everything is handled promptly and clearly. Here’s an overview of the typical application timeline:

Step 1: Get in touch

The first step is to contact our team and provide some basic information about your application for our bridging loans for residential property services. Our team will explain the next steps, address any initial questions, and begin tailoring a solution that aligns with your investment plans and circumstances.

Step 2: Consultation and action plan

After the initial discussion, we will dive into the specifics of your bridging loans for residential property application. This includes developing a financial plan, discussing your proposed exit strategy, and outlining any required documentation. Our team will work closely with you to ensure all necessary details are covered to move the process forward quickly and seamlessly.

Step 3: Decision and release of funds

Once your documentation has been submitted, we will review your residential bridging finance  application promptly. Upon approval, you can expect a decision ASAP, some in as little as 24-48 hours. Funds will then be released, enabling you to proceed with your residential property plans without delay.

Our goal is to make the process smooth, stress-free, and as fast as possible, so you can focus on achieving your property goals.

Case Study: No Valuation, No Minimum Residential Bridging Loan

Our client utilised our bridging loans for residential property services with a £77,600 loan at 56% LTV to purchase a residential buy-to-let property in Oldham, adding to their growing portfolio. The borrower plans to carry out light refurbishments before retaining and letting the property through their property company.

This case highlights our flexibility, including no minimum loan size, and our ability to support clients in expanding their property investments. By working with us, clients can access tailored solutions to achieve their goals efficiently and effectively.

Why Choose MS Lending Group for Residential Bridging Loans

So, why choose us?

At MS Lending Group, we offer nothing but the best quality service, allowing you to trust in us for big moves in the real estate industry. 

Our fast reactiveness makes taking out a residential bridging loan as quick and seamless as possible for the best possible outcome in your favour.

We have countless cases that show our expertise as a residential bridging finance provider, and we are sure you can invest with confidence alongside us at MS Lending Group.

frequently asked questions

How Much Does Residential Bridging Finance Cost?

Bridging finance rates depend on the loan to value, customers credit and the property type. To get started, contact our team and we’ll get back to you within 24 hours with an agreement in principle.

How Long Does a Residential Bridging Loan Take?

We can complete in as little as 48 hours from enquiry to completion. Bridging loans are usually arranged within 24 hours and come with flexible repayment options so that repayments fit around your lifestyle and budget. The interest rate varies depending on many factors including how much money has been borrowed and how long the loan lasts for.

Is an Exit Strategy Required on Application?

An exit strategy is always required before committing to a bridging loan. It is important the lender knows how you plan to repay the finance whether this is through a sale or a longer term refinancing option.