MS Lending launches 85% Day 1 light refurbishment bridging loan product

By Bridging Loan Directory 15th October 2024

MS Lending Group has boosted its bridging finance offering and expanded its reach in the market by launching a 85% light-refurb product.

The new product offers 85% LTV from day one of the bridge, with no minimum loan size and no full valuation necessary up to £500k.

With the aim of accessing maximum funds faster in order to complete refurbishment plans faster.

Michael Stratton, CEO, MS Lending said:

“We know this market well, as a business we are regularly funding property acquisitions, often where clients are planning to carry out works to the asset to then go on to sell, or maintain and move on to a longer term facility.

Adding this new product allows us to tap into some of the market that are looking for works towards the refurbishment but want to work with a lender that is agile, flexible, and can operate at the speed we are accustomed to.

The business has become synonymous with property purchases, having many relationships with auction houses and agents alike, and we felt now was a good time to further our offering and increase market share.

We have spent the last few months, modelling it, speaking to industry partners and the initial feedback has been fantastic, and we are expecting a large uptake in its use.”