Mayfair Bridging clarify 'Winter Wonderland' offer
Mayfair Bridging would like to clarify their 'Winter Wonderland' offer.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
This is true for Day 1 Bridging. Mayfair accepts the product is very limited as isn’t that many lenders out there at the moment who will take out a bridge on day 1.
However it can be used when flipping properties to cash buyers. Usual criteria is 0.5% for Day 1 Bridging. 1% per month for 40% or less LTV and 1.55% for >40% <70% LTV.
- Ipad2 giveaway
The Ipad2 giveaway is for all cases submitted by 22nd November but can complete within 2 months of submission.
And with all eshots it is for use with intermediaries only not to be used with clients
Yasin Patel, director of Mayfair Bridging, said:
"We hope this clarifies any issues and queries anyone may have had as Mayfair would like to stay and be known as “the Clear approach to Bridging Finance”.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Budget
Budget: Government confirms details of 2.5% deposit first-time buyer scheme
State Pension
Budget: Government confirms state pension tax protection
FCA
FCA restricts six lenders over anti-money laundering concerns
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Budget
Budget: Government reduces Lifetime ISA withdrawal charges ahead of new FTB ISA launch
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts