Bridging Loans with Market Harborough Building Society: Tailored Solutions with Auction Finance Support

Bridging loans provide a reliable way to finance time-sensitive property transactions, offering short-term funding solutions for property investors and developers. Whether you’re purchasing at auction, financing a refurbishment, or bridging a property chain, Market Harborough Building Society (MHBS) offers a range of tailored bridging loans.

At Auction Finance, we simplify the process of securing MHBS bridging loans, ensuring a seamless and stress-free experience from start to finish.

Why Choose Market Harborough with Auction Finance?

Market Harborough Building Society is renowned for its customer-centric approach and flexible financial products. When you partner with Auction Finance, you gain:

  • Time Savings: We manage the application process on your behalf.
  • Improved Approval Odds: Ensuring your application meets MHBS’s specific requirements.
  • Expert Advice: Tailored guidance to secure the best loan terms for your project.

Key Features of MHBS Bridging Loans

1. Loan Amounts

From £200,000 to £2 million, supporting both small and large-scale property projects.

2. Loan Terms

Flexible terms of up to 12 months, providing ample time to complete your project or refinance.

3. Loan-to-Value (LTV)

Maximum 70% LTV, allowing you to make the most of your property’s value.

4. Competitive Interest Rates

Starting at 0.62% per month, MHBS offers competitive rates for short-term borrowing.

5. Property Types Supported

Residential Properties: Ideal for owner-occupied homes, buy-to-let properties, and renovation projects.

6. Flexible Payment Options

  • Serviced Interest: Pay monthly to reduce overall costs.
  • Rolled Interest: Pay at the end of the term to optimise cash flow.

How Auction Finance Supports Your Bridging Loan Application

Step 1: Initial Consultation

We assess your financing needs and determine whether MHBS’s bridging loans are the right fit for your goals.

Step 2: Preparing Your Application

Our team ensures all documentation is complete and aligned with MHBS’s criteria, including:

  • Property Details: Location, type, and valuation.
  • Financial Information: Proof of deposit and income details.
  • Exit Strategy: A clear plan for repaying the loan, such as selling the property or refinancing.
  • Step 3: Submission and Liaison

    We submit your application to MHBS and manage communications throughout the process, ensuring a smooth experience.

    • Property Details: Including value and intended use.
    • Exit Strategy: A clear plan for repaying the loan, such as a property sale or refinancing.
    • Financial Background: Proof of deposit and any additional financial information.

    Step 4: Valuation and Legal Process

    • Valuation: MHBS arranges for a professional valuation to confirm the property’s market value.
    • Legal Work: We coordinate with solicitors to finalise the loan agreement promptly.

    Step 5: Approval and Funding

    Once approved, MHBS can release funds in as little as 10 days, enabling you to proceed without delays.

    Example Scenarios for Using MHBS Bridging Loans

    1. Auction Property Purchase

    Scenario: A property investor secures a property at auction and needs £400,000 to complete the purchase within 28 days.

    Solution: Auction Finance works with MHBS to arrange fast approval and funding to meet the deadline.

    2. Bridging a Property Chain

    Scenario: A homeowner needs to purchase a new property but is waiting for their current home to sell.

    Solution: Auction Finance arranges a bridging loan with MHBS to cover the purchase, repaid upon the sale of the existing property.

    3. Renovation Project

    Scenario: A landlord plans to renovate a buy-to-let property to increase rental yield.

    Solution: Auction Finance helps secure a 12-month MHBS bridging loan, enabling the landlord to complete the project and refinance.

    Why Choose Auction Finance?

    We understand the complexities of bridging loans and ensure your application is aligned with MHBS’s requirements.

    • Tailored Advice: Our personalised guidance ensures your loan is structured to meet your unique project needs.
    • Transparent Communication: We keep you informed at every stage, ensuring a smooth and hassle-free process.
    • Faster Approvals: Our partnership with MHBS ensures quicker decisions and prompt access to funds.

    FAQs

    Q 1. What types of properties does MHBS finance?

    Ans: MHBS supports residential properties, including owner-occupied homes, buy-to-let properties, and refurbishment projects.

    Ans: Funds can be released within 10 days of approval, making MHBS ideal for time-sensitive transactions.

    Ans: An exit strategy is a plan for repaying the loan, such as refinancing onto a long-term mortgage or selling the property.

    Ans: Yes, MHBS allows early repayment without penalties, helping you save on interest costs.

    Ans: Fees for valuation, arrangement, and legal services apply. Auction Finance provides a full breakdown during the application process.

    Ready to secure your auction success?

    Get in touch today and turn your bids into wins!

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    Meta Description: Learn how Auction Finance can help you secure bridging loans with Market Harborough Building Society (MHBS). Explore their competitive rates, flexible terms, and swift funding solutions for property investors.

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