The Mortgage Hut launches new bridging arm

The Mortgage Hut is launching a new bridging and commercial finance arm.

The firm says the launch is to meet growing demand from customers who need complex property loans.

The new division of the company will offer a range of bespoke loans to private and commercial clients. Loans will typically be property acquisition, refinancing and redevelopment.

Mortgage Hut says its new arm will be able to handle complex deal which may be turned down by mainstream lenders.

The Mortgage Hut group managing director Chris Schutrups says: “More and more of our customers were asking us to finance a range of challenging property transactions. We can offer finance that simply doesn’t fit the criteria of the national lenders.”

The firm’s products are developed on a bespoke basis and priced according to risk. Recent deal have including the refinancing of a large buy-to-let property portfolio, the acquisition of a care home, and the purchase of a dental practice.

Schutrups adds: “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 deal to help them to develop and grow.”



FCA warns banks on PPI claims

The regulator is warning it will crackdown on banks that don’t deal with payment protection insurance complaints adequately. The Financial Conduct Authority says it will be closely monitoring how banks handle PPI complaints ahead of the deadline for claims in August 2019. It comes after the FCA this month launched a campaign encouraging consumers to […]


Holiday let appeal grows as BTL changes hit

Borrowers are starting to consider investing in holiday lets as an alternative to buy-to-let properties, but brokers say they need to do their homework before making the leap. There are more than 5.3 million privately rented properties in the UK – a figure which has more than doubled in the past two decades. But changes […]

‘Grass-roots’ packager Thistle launches

A packager has launched that proposes to support brokers around the UK and “restore the sector’s old fashioned values”. Edinburgh based Thistle Finance calls itself a ‘grass-roots’ packager and is looking to place a particular focus on the specialist lending markets in Scotland and Northern Ireland. The packager has begun working with Mortgage Advice Bureau […]


News and expert analysis straight to your inbox

Sign up