MT Finance has been a very successful bridging lender since 2008 and more recently started to offer regulated bridging finance, which Complete were one of the first distributors to promote.
Their growth has been impressive and we are delighted to be one of very few distributors to be offering their new Buy To Let proposition to the intermediary market. Launching new products to market during this volatile time is commendable and you will see from their USP’s that they will be a strong contender in the specialist market for years to come.
So, why consider MT Finance?
Affordability is so simple – 125% of the 5 year payrate
First-Time Buyers & First Time Landlords accepted
Will lend to Trading Co’s & SPV’sFlats need to be minimum 28 Sqm
Holiday Lets acceptable – need to assessed on standard ASTEx Pats to 65% LTV
Semi-commercial accepted subject to the commercial element not exceeding 40% of total floor area. They will ignore the commercial rental income
Will consider Day 1 Remortgage & Let-to-BuyWill consider properties above/adjacent to commercial – £100k min value
Certain adverse acceptable on standard terms
Criteria Info
Loans from £25k to £2mLTV: Standard & HMO to 80% LTV, MUFB to 75% LTV
Age of first Applicant 21 to 85, age of subsequent Applicant 18 to 95£15k min income. A full 12 months employment or self-employed is required on first Applicant
Standard property value is £50k with max loan of 70% LTV. £75k value at 80% LTV
HMO’s & MUFB’s require at least 12 months property investment experience
