Market Harborough Building Society (MHBS) has launched a range of bridging solutions tailored to high net worth (HNW) clients.
Supplementing the Society’s existing bridging range, the new products offer a higher LTV of up to 70% and a five-year term of rolled-up interest.
Lending up to £5m, MHBS offers products for simple and more complex cases, with approximate monthly rates starting from 0.42%.
Dual representation and AVMs are available, along with the ability to structure fees and/or rates to suit individual client needs. The Society offers a same-day ESIS for “simple” bridging cases and a next-day ESIS if the case is more complex.
Stephen Barringer, head of specialist lending at MHBS, said: “The addition of bespoke solutions for HNW clients strengthens our position as a respected bridging lender. Our award-winning team includes bridging specialists and experienced bridging underwriters, who provide a personal and professional service to clients. Working with our intermediary partners, they progress applications efficiently and provide regular updates every step of the way.
“Along with helping clients who turn to bridging finance when a property chain breaks down, our comprehensive range caters for a variety of other scenarios including, downsizing, re-bridging, refurbishment and property development.”
