£350k Acquisition Bridge (Regulated) to Purchase Detached Residential Property
At a Glance
| Client Type | Home mover |
| Loan Product | Acquisition bridge |
| Facility Size | £350,000 |
| LTV | 50% |
| Interest Rate | 0.9% |
| Time to Completion | 3 weeks |
| Location | Northampton |
| Lender | MT Finance |
| Applicant Profile | Joint applicants, both with heavy adverse credit, seeking to purchase a residential property |
The Opportunity
A pair of co-applicants were looking to purchase a detached residential property. They needed a regulated bridging loan to complete the acquisition swiftly, but both had significant adverse credit histories — making funding options limited and time-sensitive.
The Funding Strategy
Avid Finance approached MT Finance — a lender known for its pragmatic approach to complex credit profiles. The key issue wasn’t just securing approval, but providing a credible exit strategy that would satisfy the lender’s requirements. Avid identified that the bridge would be repaid through the sale of one applicant’s existing property, removing the need for long-term refinancing and reassuring the lender about repayment.
The Outcome
MT Finance issued a Decision in Principle within 24 hours of reviewing the applicants’ credit reports and the exit route. Following valuation, underwriting, and legal processes, the loan completed in just three weeks — allowing the clients to secure their new home without further delay.
Why It Worked
The clients initially worked with a different broker, who spent several weeks unsuccessfully trying to present the case to lenders who were unwilling to proceed. Avid recognised the right lender from the outset and positioned the deal in a way that focused on the practical exit route — not the credit issues — resulting in a fast, successful outcome.
Client Feedback
“We had lost confidence in our ability to get a Bridge. Avid were reassuringly confident they could get it done from the outset and we’re hugely grateful they got it done as quickly as they did.”
Ready to Fund Your Next Project?
If you need fast, flexible funding — even with a complex background or credit history — speak to Avid Finance today. We’ll connect you with the right lender and help structure the deal for a smooth completion.
Contact Avid Finance on 020 3920 6920 and let’s talk about what’s possible.