Masthaven can offer personal bridging loans on all types of residential property – detached houses, flats, terraced houses and land with planning permission for residential use.
The security property can either be property you already own or which you intend to buy with bridging finance from Masthaven.
You may need to source bridging funding quickly to take advantage of an investment opportunity or a chance to purchase some land or property at a reduced price.
If residential property is bought at auction you usually need to pay a 10% deposit immediately and then raise the balance within 28 days. We can provide this bridging funding at short notice for a period up to 9 months.
The bridging loan is usually repaid through a remortgage with a high street lender or when the property is sold.
A residential bridging loan from Masthaven can also be used to give your business a cashflow injection, perhaps to assist in purchasing stock or paying a tax or VAT bill.
These bridging funds can be secured on your residential property and repaid in as little as 1 month from your business once cashflow permits.
We aim to make your personal bridging loan application straightforward and assist in obtaining the necessary finance within the shortest period of time.