Compare Bridging Mortgages | 3mc | Mortgage Club & Packager

Property Value

£50,000 £100,000 London postcodes - HMO £100,000 £250,000 for London postcodes

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

£50,000 (£25,001 for Limited Company and HMO products) 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
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
Unlimited ***** Regulated bridging up to 75% LTV maximum
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
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
Houses Max 80%, with adverse max 75%.
Flats and maisonettes not accepted. The property must have good curb appeal and must have no balcony access and be overall strong case.
No minimum rental income requirements where exit is sale of property. Bridge to Let option available
rental-pay-rate-yes
No
Yes - Experian at AIP stage and then full credit search conducted on both Experian and Equifax at application.
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

£70,000 lower by referral

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

£10,000
Income

Proof of income required where the exit is dependent on refinance. No minimum income restriction

Proof of income required where the exit is dependent on refinance. No minimum income restriction
Maximum Age

80, no maximum age restriction on regulated bridging
80, no maximum age restriction on regulated bridging

Type/Commercial

Limited companies and Trading companies accepted

Limited companies and Trading companies accepted
Historic CCJ's & Defaults

Accepted up to 8 demerits in last 12 months and no demerit restriction where sale of property is exit

Accepted up to 8 demerits in last 12 months and no demerit restriction where sale of property is exit

Intermediary Status: da_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary
Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, 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:0-74999, 75000-100000, 100000-150000, 150001-10000000
Income (min): no-min-income, above-25000
£5,000,000 ( more by referral)
12 months
12 months
Minimum 50 years plus the term of the loan
Yes
Yes
Yes
No minimum ownership period
We are happy to proceed with applicants who have passports from the following countries: Any EU country, Switzerland, Channel Islands, Switzerland, USA, Australia, Canada and New Zealand. These applications must be witnessed and advised by a solicitor. Any applicants who do not have a UK Passport or a Passport from the list above are subject to underwriter referral.
Accepted up to 55% (65% by referral)
rental-pay-rate-no
No
Arrears accepted. Satisfactory explanation required for all arrears.
Valuations to be conducted using commercial valuation panel. Must be dated in last 2 months. Drive by valuation bypass available on residential securities on loan cases up to £75,000
18
Will lend in England, Wales and Scotland
No maximum
Packaged only
Hard foot print

Full Details

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Property Value

133,000

100000-150000, 150001-10000000
Advance (min)

£100,000
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
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
£1,000,000 to 85% £5,000,000 to 75% LTV. Exceptions and portfolios considered.
3 months
24 months
65 years remaining at the end of the proposed mortgage 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
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

£75,000

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

£50,000
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
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
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

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
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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Property Value

Refer

100000-150000, 150001-10000000
Advance (min)

£100,000
Income

Proof of income required where the exit is dependent on refinance.

Proof of income required where the exit is dependent on refinance.
Maximum Age

85 years old (older on a case by case basis)
85 years old (older on a case by case basis)

Type/Commercial
Historic CCJ's & Defaults

All types of credit history considered

All types of credit history considered

Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary
Customer Type:
Property Type:
Max Age:
Property Value:100000-150000, 150001-10000000
Income (min):
£5,000,000 (more by referral)
1 month
12 months (15 months on development)
Acceptable passport holders resident in the UK with an indefinite right to remain – including UK, EU, Australia, Canada, Hong Kong, Iceland, Japan, Jersey, New Zealand, Norway, Singapore,
Switzerland and USA.
UK passport holders not resident in the UK –
accepted subject to:
• Copy of the UK passport seen, and certified, by a UK Solicitor in person at the point the applicant is physically present in the UK for completion.
• No foreign currency loans.
• No serviced monthly loans.
• Two proofs of residency at current address abroad.
• No residency in High or Very High Risk classified countries for AML purposes or sanctioned countries.
All legal work must be completed in the UK by a UK registered solicitor.
Interest payments will be rolled up to the end of the term of the loan. We may allow the loan to be serviced monthly if the borrower meets our affordability requirements. This decision will be made by the underwriter on a case by case basis.
Paid direct to lender and related to lender fee scales
21 years
Access to Masthaven Bank is to a selective panel of mortgage packagers

Full Details

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3mc | Mortgage Club & Packager

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