RESIDENTIAL BRIDGING FINANCE MANCHESTER
If you’re seeking residential bridging finance in Manchester, MS Lending Group is your go-to solution.
Our skilled team ensures that you receive fast, flexible bridging loans for residential property, ensuring you can make confident investment decisions without delays.
We understand the importance of quick access to funds, and our residential bridging loans allow you to seize opportunities promptly.
What Is a Residential Bridging Loan?
A residential bridging loan is a short-term finance option designed to bridge the gap between purchasing a new property and selling your existing one, hence the name.
This is a kind of loan that is different to the average mortgage, as it is designed for those needing quick funding solutions. Our residential bridging loans offer fast access to capital, enabling you to act decisively in competitive property markets and in reactive instances such as auctions.
Whether you’re buying at auction, need to complete a refurbishment, or want to secure a new home before your current one sells, our residential bridging finance in Manchester provides the flexibility and speed you need.
How Our Bridging Loans for Residential Property Work
At MS Lending Group, we make the process of securing residential bridging finance straightforward and hassle-free, here’s how our bridging loans for residential property work.
Start by reaching out to our team for a quick, no-obligation consultation. We’ll discuss your specific requirements, the property you intend to purchase, and how a residential bridging loan can help you achieve your goals.
Once we fully understand this information, we can provide a tailored loan proposal which will outline what we expect from you, and what is expected from us at MS Lending Group.
​
This will typically outline the loan amount, term, interest rates, and repayment options, ensuring you have a clear understanding of the financing solution we’re offering.
We consistently strive to make the application process as efficient as possible. After reviewing your application, our team conducts swift checks and provides a decision, sometimes as quick as 24 - 48 hours. This fast turnaround allows you to act quickly, especially in competitive markets.
Upon approval, we release the funds promptly so you can proceed with your property transaction without delay. Whether it’s for an auction purchase, a renovation, or securing a new home, you’ll have the funds when you need them.
What Are the Different Types of Bridging Finance?
Loan Type | Who the Loan is For? | Does MS Lending Group Provide This Loan? |
|---|---|---|
Residential Bridging Loan | Homeowners looking to purchase a new property before selling their current one | Yes |
Commercial Bridging Loan | Property investors or developers needing short-term financing for commercial projects | Yes |
Auction Bridging Loan | Buyers participating in property auctions requiring immediate funding for successful bids | Yes |
Development Finance | Property developers seeking funding for construction or renovation projects | Yes |
Refurbishment Bridging Loan | Individuals or businesses undertaking property refurbishments or renovations | Yes |
How Residential Bridging Loans May Be Used
There are numerous scenarios where residential bridging loans can be beneficial.
Ultimately, mortgages can be lengthy, they can take longer than you have and could put you in a position where you miss opportunities on property, especially on highly sought after homes.
That being said, there are some options that make residential bridging loans incredibly useful.
Some of the most common ways residential bridging loans are used in Manchester and beyond include:
-
Property purchase
-
Property Renovation
-
Property purchase at auction
-
Avoiding property chains by having funds at the ready
These all relate to the acquisition of residential property, bridging loans essentially make these desires a reality by allowing you to pursue new business ventures that you may have felt somewhat held back on before.
To start your journey of property acquisition, get financial assistance in Manchester from us at MS Lending Group.
Our team of residential bridging loan specialists are here to help, waiting to help you reach your investment goals.
-
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.
MAKE AN APPLICATION
NO MINIMUM LOAN SIZE
MAX LOAN £3 MILLION
12 MONTHS AS STANDARD
18 MONTHS ON REQUEST
2ND CHARGES AVAILABLE
NO VALUATION
ON LOANS UP TO £500,000 ON RESIDENTIAL COMMERCIAL AND SEMI-COMMERCIAL PURCHASES.
DESKTOP VALUATION
ON LOANS UP TO £2 MILLION.
SUBJECT TO INTERNAL REVIEW
RESPONSIVE, RELIABLE & FLEXIBLE
NO Minimum Bridge Term • 2% Arrangement Fee • Exit Fee - 1 Month Interest