Gareth Lewis

MT Finance cuts rates and boosts maximum LTV

MT Finance has reduced rates and raised its maximum LTV on its first-charge residential bridging range.

The lender now offers rates from 0.65% for first-charge bridging loans on residential properties, with LTVs available up to 70% on the OMV.

Loans start from £50,000 and are available to a variety of borrowers, including first-time investors, limited companies, expats and foreign nationals.

Loan terms range from one to 24 months, with no upfront or exit fees, or early repayment charges.

Gareth Lewis, commercial director at MT Finance (pictured above), said: “We stood by the broker community throughout 2020, and our desire to support our brokers continues into 2021. 

“We hope that these improvements to our product offering, combined with our award-winning service levels, will provide the intermediary market with the support they need to offer fast funding solutions to those clients looking to take advantage of the stamp duty holiday and beyond.”

Jo Breeden, managing director at Crystal Specialist Finance, commented: “MT Finance consistently demonstrates that it is here to support the intermediary market — even through the most challenging of times, when its support was simply unrivalled. 

“These latest enhancements only continue to show its commitment and desire to be a leader in the short-term sector.”

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