The new products aim to complement the Society’s existing bridging range.
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The new offering provides a higher LTV of up to 70% and a five-year term of rolled-up interest.
The specialist lender can offer up to £5m with rates starting from 0.42% per month.
“The addition of bespoke solutions for HNW clients strengthens our position as a respected bridging lender,” said Stephen Barringer, head of specialistlLending at MHBS.
“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.”
Dual representation and AVMs are available with the new offering, along with the ability to structure fees and/or rates to suit individual client needs.
The lender also provides a same-day ESIS for simple bridging cases and a next-day ESIS for those more complex.
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