Compare Bridging Mortgages | 3mc | Mortgage Packager & Distributor

Property Value

Single units - £75,000
£100,000 London postcodes

HMO - £100,000 £250,000 for London postcodes.

Multi-units: £75,000 or £150,000 in London (applies to each unit)

0-74999, 75000-100000, 100000-150000, 150001-10000000
Advance (min)

£50,000 1st Charges, £25,000 for 2nd Charge
Income

Client has to be registered in the UK and source of income should normally be within the UK. Employed applicants must of been inside of their current job for a minimum of 6 months with 12 months of continuous employment.

Client has to be registered in the UK and source of income should normally be within the UK. Employed applicants must of been inside of their current job for a...
Maximum Age

85 for Investors - 75 for Regulated

85 for Investors - 75 for Regulated

Type/Commercial

SPV / LLP Limited Company
Standard BTL investment properties such as a house or Flat
HMO's up to a maximum of 8 bed - can also consider HMO' with 8 beds with 2 kitchens

Portfolio limit for landlords of up to 20 properties allowed with Precise Mortgages. For properties 11 - 20 LTV is capped at 70% and maximum exposure remains at £5m.

SPV / LLP Limited Company Standard BTL investment properties such as a house or Flat HMO's up to a maximum of 8 bed - can also consider HMO' with 8 beds with 2 kitchens Portfolio limit for landlords of up to 20 properties allowed with Precise Mortgages. For properties 11...
Historic CCJ's & Defaults

Considered on a case by case scenario (up to date credit search is required for consideration)

Considered on a case by case scenario (up to date credit search is required for consideration)

Intermediary Status: da_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type: customer_individual, customer_ltd_spv
Property Type: type_single, type_hmo_upto_6, type_hmo_upto_8
Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
Property Value:0-74999, 75000-100000, 100000-150000, 150001-10000000
Income (min): no-min-income, above-25000
No maximum but max LTV is 75%

Refurbishment BTL/Short term is 80% LTV maximum

£3,000,000 (£1m HMO) for buy to let element.
1 month
Regulated 12 months Non regulated 18 months
Minimum remaining lease term is 70 years at completion.
No
Yes
No for gift of equity from family members Ltd Co: - Equity gifts accepted from personal to Ltd Company. (Director's loan)
Yes

EU Citizens

Applications submitted from 1st January 2021 where the applicant is an EU citizen they must provide a valid permanent residence document or evidence that settled or pre-settled status has been granted under the EU Settlement Scheme. This can be in the form of a letter from the Home Office confirming their settlement status or a Residence Card.

Settled status is awarded to EU citizens that can evidence a minimum of 5 years’ continuous residence in the UK, whereas pre-settled status applies to those who have not resided in the UK for 5 years. Those awarded pre-settled statuses can apply for settled status once the 5-year residence requirement can be met.
New build flats and houses accepted to product max LTV

****
Flats in blocks up to 20 storeys, with a commercial ground floor accepted

80% LTV available for buy to let new build houses and flats

85% LTV available plus up to a 5% builders incentive on residential lending

S106 obligations considered

Mortgage offers valid for six months from the date of issue, if required we may extend for a further three months

New Build flats with a commercial ground floor are considered
Yes, considered.
No minimum rental income requirements where exit is sale of property. Bridge to Let option available

Precise Mortgages Refurbish BTL Calculator – please use Precise Mortgages rental calculator
rental-pay-rate-yes
No
Yes - Experian at AIP stage.
Missed Mtg/Secured Arrears 0 in 12, Max 1 in 36 months.
Valuation fees paid direct to lender at the lender fee scales
25 years
Will lend in England, Scotland (Postcode permitting) and Wales
4
3mc is a Premier Partner with Precise Mortgages. Packaged or Club options available
Soft foot print at AIP

Full Details

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Property Value

£166,666 for single securities. £100,000 for multiple securities

75000-100000, 100000-150000, 150001-10000000
Advance (min)

£125,000
Income

Must be able to afford either monthly payment or have a suitable repayment vehicle in place.

Must be able to afford either monthly payment or have a suitable repayment vehicle in place.
Maximum Age

No upper age limit. 85 years old

No upper age limit. 85 years old

Type/Commercial
Historic CCJ's & Defaults

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type:
Property Type:
Max Age:
Property Value:75000-100000, 100000-150000, 150001-10000000
Income (min):
£15,000,000 to max LTV (75% LTV) - above by exception only.
65% LTV for standard and light refurbishment Bridging
1 month
Regulated: up to 12 months Unregulated: up to 36 months
Yes, considered.
Yes, considered.
Yes, required.
Yes, will consider new build properties
Yes, both flats and houses.
No, credit check
Paid directly to the lender at the lender fee scales. AVMs can be used for loans: Up to £1m Max 55% LTV Max £1m property value per security

Full Details

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Property Value

£54,000

75000-100000, 100000-150000, 150001-10000000
Advance (min)

£50,000 for Regulated bridging
£40,000 for Resi/Commercial Investment bridging.
Income

No Minimum Income. Clients to evidence independent material income which must support their personal and business commitments. Where the exit is refinance onto an investment mortgage we will need to ensure the rental income is sufficient to service the debt. Where the client is servicing the interest, we will need to be provided with details of income to validate affordability

No Minimum Income. Clients to evidence independent material income which must support their personal and business commitments. Where the exit is refinance onto an investment mortgage we will need to...
Maximum Age

80

80

Type/Commercial

Single Residential investment unit, HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s and individuals.
SIPP's and SAS accepted
Offshore LTD Companies and Trusts considered - Minimum loan size must be £750,000.
Flats in blocks exceeding five floors are considered by exception only. Consideration is given for highly experienced clients and where the valuation report provides strong commentary on sale & rental demand as well as location.

Single Residential investment unit, HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s and individuals. SIPP's and SAS accepted Offshore LTD Companies and Trusts considered - Minimum loan size must be £750,000. Flats in blocks exceeding...
Historic CCJ's & Defaults

Refer to 3mc

Refer to 3mc

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_commercial, type_semi_commercial, type_holiday_let
Max Age: max-age-70-75, max-age-76-80
Property Value:75000-100000, 100000-150000, 150001-10000000
Income (min): no-min-income, above-25000
£15,000,000 per client. Higher is considered by exception.
No min term, no minimum interest charge
18 months
55 years remaining at term expiry
Accepted
Yes - Gift letter should be completed. Has to include copy of donor’s identity and a bank statement showing funds in a UK bank account
Yes - evidence of payment conduct is required for any borrowings the parents may have secured on the property to ensure they are not shifting bad debt to the applicant while still managing the asset. A Gift letter is also required
No minimum ownership period
before remortgage considered. Will lend against OMV within 6 months subject to criteria.
Yes (unless Ex-Pat)
All new builds considered.
Ex-local houses considered
Ex-local flats considered

Acceptable subject to:
Lease with a professional operator of emergency housing

Assumption of a standard AST with private rented sector tenants for affordability and viability of exit assessment (as opposed to lease rental income)

Property to be valued as a standard house or an HMO with no premium attributed to the lease

Private tenants in receipt of Housing Benefit or Universal Credit are also acceptable.
Bridge to Let option available
No
Adverse considered on a case by case basis. Missed mortgage payments over 12 months ago considered.
Paid direct to lender at the lender fee scales
21 years
Will lend in England, Wales and Scotland
No maximum
Access to Shawbrook Bank is available via selected packagers only.
Hard foot print

Full Details

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Property Value

£133,333 - minimum loan has to be £100,000

100000-150000, 150001-10000000
Advance (min)

£100,000
Income

No minimum income required, but exit must be feasible.

No minimum income required, but exit must be feasible.
Maximum Age

No maximum

No maximum

Type/Commercial
Historic CCJ's & Defaults

Considered on a case by case basis.

Considered on a case by case basis.

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type:
Property Type:
Max Age:
Property Value:100000-150000, 150001-10000000
Income (min):
£2,500,000 per property
1 month or less
12 months - any longer is an exception
Yes, considered
Yes, considered
None required.
Not required
Yes
Yes, considered
No
Yes – however only accounts for a small part of the overall decision
Paid direct to lender at the lender fees scale
21 years
10
Direct via a packager such as 3mc.

Full Details

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Property Value

£133,000

100000-150000, 150001-10000000
Advance (min)

£50,000
Income

No Minimum Income

No Minimum Income
Maximum Age

85 at the end of the mortgage term

85 at the end of the mortgage term

Type/Commercial

HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s, SIPPs and individuals.

HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s, SIPPs and individuals.
Historic CCJ's & Defaults

2 years with no adverse credit – no CCJ’s over £500 in last 3 year. All others can be considered

2 years with no adverse credit – no CCJ’s over £500 in last 3 year. All others can be considered

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_commercial, type_semi_commercial, type_holiday_let
Max Age: max-age-70-75, max-age-76-80, max-age-81-85
Property Value:100000-150000, 150001-10000000
Income (min): no-min-income, above-25000
£5,000,000 to 75% LTV. Exceptions and portfolios considered.
Loans above £2,000,000 require transactional credit committee (TCC) approval
Minimum one month interest payable
18 months
Buy to let/HMO (standard) – 50 years at end of loan term Commercial – 65 years at end of loan term
No
Yes - from a direct relative
Yes - Family members credit needs to be checked
No minimum ownership period before remortgage considered. All cases considered on own merits
Yes (unless Ex-Pat)
All new builds considered.
HMO and New Build Flats up to max 75%
Maximum 12 months’ interest roll-up for Heavy refurb. Maximum 10 months’ interest roll-up for Medium refurb. Maximum 6 months’ interest roll-up for
Light refurb. All loans are subject to a minimum 3 month term.

Developer Exit product, Pre-Planning and Refurb products available including Bridge to Term
No
No Adverse in the last 2 years
Paid direct to lender at the lender fee scales
20 years
Will lend in England and Wales
Individuals, limited companies, LLPs, partnerships and trusts and pension schemes (incl. SIPPs) Minimum two years’ relevant sector experience No maximum
Access to InterBay commercial is available via selected Key Partners only
Soft foot print only

Full Details

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Property Value

£100,000 - lower considered

75000-100000, 100000-150000, 150001-10000000
Advance (min)

£75,000 Bridging/Auction,

£200,000 refurb

£250,000 Dev Exit

£500,000 Development
Income

No minimum income, however: -

Collectively, the applicants/directors must have a combined total income of £30,000 or more. This can include income from employment, self-employment, pensions, investments, and rental or other property income.
Will require verification of personal income in certain cases.
Acceptable income evidence should be one (or a combination) of the following: latest SA302, 3 months’ payslips, P60, or minimum 3 months’ bank statements

No minimum income, however: - Collectively, the applicants/directors must have a combined total income of £30,000 or more. This can include income from employment, self-employment, pensions, investments, and rental or...
Maximum Age

75 at the end of the term

75 at the end of the term

Type/Commercial
Historic CCJ's & Defaults

Considered on a case by case basis. However: -

Bankruptcy/IVA: No bankruptcy/IVA in the last three years. If bankruptcy/IVA occurred in the last six years, a full explanation is required.

For Development Exit: no bankruptcy.

County Court judgments (CCJs): All CCJs must be satisfied and should not exceed £5,000. If more than one CCJ is present in the last six years or if more than three CCJs are present in the last six years, please contact us. An explanation of any CCJ recorded is required in all cases.

For Development Exit: if more than three CCJs are present in the last three years, it will be referred.

Mortgage/secured loans: All secured loans should be up to date at the time of application with no arrears greater than one monthly payment in the last 36 months.Unsecured loans/revolving credit: Any arrears or defaults in the last 24 months are at the underwriter’s discretion to disregard.

Criminal convictions: Not permitted unless relating to motoring offences, or at the underwriter’s discretion.

Considered on a case by case basis. However: - Bankruptcy/IVA: No bankruptcy/IVA in the last three years. If bankruptcy/IVA occurred in the last six years, a full explanation is required. For Development Exit: no bankruptcy. County Court judgments (CCJs): All CCJs must be satisfied and should not exceed £5,000. If...

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type:
Property Type:
Max Age:
Property Value:75000-100000, 100000-150000, 150001-10000000
Income (min):
75% Resi bridging
70% Commercial/ land - up to £30m
1 month
Bridging - 18 months Dev exit - 12 months Development - 24 months
Freehold, leasehold with 60+ years left on the lease
On all purchase cases the source of deposit must be disclosed. LendInvest may request that evidence of the deposit is produced.
On all purchase cases the source of deposit must be disclosed. LendInvest may request that evidence of the deposit is produced.
None for short term finance
Yes, required.
Yes, considered. See Restrictions and product guide for renovation criteria.

Light or heavy refurbishment, and minor development: structural, conversion or extension work that constitutes permitted development or for which existing planning permission is in place.
Yes, considered.
An exit strategy is required.
Yes, range dependent.
No
Valuation fees are paid direct to the lender at the lenders fee scales on their website. For each type of short term finance, the prices may vary. Ranging from Residential bridging, HMO/MUB, Light/Heavy refurbishment, Regulated bridging, Auction and Bridge to Let. Arrangement Fee is 2%
21 years
2 on individual(s) applications and for Ltd Co it's Maximum of 4 directors/shareholders/members. Full personal guarantees required.
Access to Lendinvest can be via 3mc as your selected packager.

Full Details

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Property Value

Commercial - Loan to value maximum 60% based on the lower of the purchase price or acceptable vacant possession valuation. Residential - Loan to value maximum 70%, based on the lower of purchase price or acceptable valuation.

100000-150000, 150001-10000000
Advance (min)

£150,000 per property
Income

ALIE evidence – Audited accounts; short form accounts; tax return (2 years); Bank statements (6 months) for all loan commitments and current accounts of the borrower; passing rental income for asset offered as security or total customer rental income if available.

ALIE evidence – Audited accounts; short form accounts; tax return (2 years); Bank statements (6 months) for all loan commitments and current accounts of the borrower; passing rental income for...
Maximum Age

No maximum age

No maximum age

Type/Commercial

HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s and individuals. Plus Lending to Trust’s, SIPP/SAS
Allow single name into a limited company name using a directors loan and must be at market value
Must be UK registered
No to First Time Landlords.
First charges on land and buildings, personal guarantees from business owners/directors required.

HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s and individuals. Plus Lending to Trust’s, SIPP/SAS Allow single name into a limited company name using a directors loan and must be at market value Must be...
Historic CCJ's & Defaults

No current bankruptcy or IVA

No current bankruptcy or IVA

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_commercial, type_semi_commercial, type_holiday_let
Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
Property Value:100000-150000, 150001-10000000
Income (min): no-min-income, above-25000
£2,500,000 per property
1 month
18 months
Reviewed on a case by case basis
Accepted
Yes - 'Deed of Gift’ required from the family member to ensure there is no potential prior equitable charge.
Yes - 'Deed of Gift’ required from the family member to ensure there is no potential prior equitable charge.
No minimum ownership period before remortgage considered. Will lend against OMV within 6 months subject to criteria. Happy to consider a remortgage to 100% of funds spent and cost price on refurbished properties
Yes (unless Ex-Pat)
All new builds considered.
Houses and flats considered - Up to 70%
No
Considered on a case by case basis
Valuation fees paid direct to lender at the lender fee scale.
18 years
Will lend in England, Scotland and Wales
No maximum
Access to Cambridge Counties is available via selected packagers only.
Hard foot print upon full application

Full Details

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