The Mortgage Hut launches bridging and commercial arm

The Mortgage Hut has launched a new bridging and commercial finance arm to meet growing demand from customers requiring complex property loans.

Related topics:  Specialist Lending
Rozi Jones
18th September 2017
Chris Schutrups Mortgage Hut
"There are many businesses out there that are struggling to secure finance, as they simply don’t tick the right boxes."

The bridging and commercial finance arm will offer a range of bespoke loans for property acquisition, refinancing property redevelopment.

Chris Schutrups, Group Managing Director of The Mortgage Hut, commented: “We decided to launch a new bridging and commercial finance arm, as more and more of our customers were asking us to finance a range of challenging property transactions.

“We can offer finance for property finance, that simply don’t fit the criteria of the national lenders and our finance products are developed on a bespoke basis and priced according to the risk.

“Over the past six weeks, we have funded the refinancing of a large BTL portfolio; the acquisition of a care home; and the purchase of a dental practice.  These cases have featured higher loans to value and have been slightly complex in nature.

“There are many businesses out there that are struggling to secure finance, as they simply don’t tick the right boxes. However, they can be highly profitable and we are able to package bespoke deals which help them to develop and grow their business.”

More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.