Category: Bridging Loans
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MFS Launches New ‘Fusion’ Loan to Beat Market Uncertainty
Worried about rising interest rates? MFS has launched a clever new loan that combines the best of both worlds: the flexibility of a bridging loan with the stability of a longer-term mortgage. They’re calling it ‘Bridge Fusion’, and it’s designed to give borrowers a safety net in these uncertain times. How does it work? Who…
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Homebuyers Lean on Bridging Loans to Avoid Transaction Turmoil
Bridging loans are proving to be a critical lifeline for nearly 20% of homebuyers. These short-term financial aids are increasingly being used to prevent property transactions from falling apart, a phenomenon more common in today’s slow conveyancing processes. According to the latest figures from Bridging Trends, nearly one in five bridging loans distributed by top…
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Increase in UK Bridging Loans Signals Robust Market Growth
The UK’s property market is seeing a rise in the demand for bridging loans, especially in the first quarter of 2024, with transactions totalling an impressive £196.2 million. This marks a modest but significant growth of 0.4% compared to the closing months of 2023. Such figures highlight the resilience and evolving nature of the bridging…
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Castle Trust Bank Slashes Rates on Bridging Loans
Castle Trust Bank has announced a series of reductions on their bridging loan interest rates, making them a more attractive option for property investors looking to finance renovations or bridge gaps in funding. These new special edition rates apply to both Light and Heavy Refurb bridging loans, with the bank setting a deadline for completion…
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Savings on Refurbishment Bridging Loans – Hope Capital Cuts Rates
Hope Capital has announced substantial rate reductions on its residential medium refurbishment loans. This means lower costs for those looking to upgrade or renovate their homes. These loans are now more affordable and accessible, making it an excellent time for property investors and homeowners to consider starting their renovation projects. Hope Capital’s updated loan offer…
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Morpheus Lending Launches Digital Bridging Loans in the UK
Morpheus Lending, a newly established digital-only bridging lender, has officially entered the financial market. Positioned as a provider of unregulated bridging finance, Morpheus aims to cater to the needs of borrowers with its innovative, fully digital approach. Morpheus Lending is offering loans up to £750,000 with a loan-to-value (LTV) ratio of up to 75%. These…
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Catalyst Lends a Hand – Cutting Costs for Bridging Loan Borrowers
Catalyst, a specialist lender in the UK, has announced a unique promotional offer for those seeking bridging loans. In a move described as “going Dutch,” the lender is now offering to cover half of the valuation fees for eligible bridging loan borrowers. This cost-sharing initiative could save borrowers significantly, with Catalyst chipping in up to…
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Property Financing – TAB’s New ‘Life Cycle’ Lending Product
TAB has unveiled a new ‘life cycle’ lending product known as TAB Series. This innovative solution is meticulously designed to support borrowers at every stage of a property’s life cycle—from initial purchase to long-term management. The TAB Series package introduces a unique approach to property finance by offering a seamless transition between different types of…
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£4.65m Bridge Loan Seals the Deal for Chelsea Penthouse
Aspen Bridging has recently finalised a substantial £4.65 million residential bridge loan for an ultra-luxurious penthouse in Chelsea Harbour, London. The impressive triplex penthouse apartment, sprawling over 5,000 square feet across the top three floors of a modern skyscraper, now belongs to an overseas buyer, thanks to Aspen’s efficient financial orchestration. Noteworthy is the loan-to-value…
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Atom Bank Reduces Mortgage Rates and Introduces New Loan Options
Atom Bank has announced significant cuts to the interest rates of its Near Prime mortgage range. The reductions, which include a drop of up to 0.30 percentage points, span across various products, providing a more affordable path to homeownership for individuals with less-than-perfect credit histories. The bank’s latest adjustments are most noticeable in its two-year…