What we see in the Midlands
- Auction purchases through Bond Wolfe and Cottons in Birmingham, SDL in Nottingham and Loveitts in Coventry. Terraces, HMO-ready houses, small commercial and vacant pubs at prices that make refurbishment margins work.
- HMO conversions for the student and professional markets in Birmingham, Nottingham, Leicester, Coventry and Loughborough, subject to Article 4 areas.
- Buy, refurbish, refinance at scale: investors building portfolios of five to fifty units, where the bridge is repaid by a portfolio BTL mortgage.
- Commercial conversions: offices and former banks in the city centres and market towns to flats under permitted development.
- Development exits on Birmingham and Nottingham city-centre apartment schemes.
- Industrial and warehousing along the M1, M6 and M42, often tenanted, bridged ahead of a commercial mortgage.
Terms in the Midlands
Most lenders lend across the Midlands at their standard terms: 70% to 75% LTV, rates from around 0.6% to 0.65% per month for residential investment property. The main practical constraint is minimum loan size. Lenders with a £150,000 or £200,000 floor cannot help with a £90,000 terrace, so smaller deals are best packaged as a portfolio purchase or funded with a lender that goes lower.
Cities and towns
Birmingham, Solihull, Wolverhampton, Walsall, Dudley, Coventry, Warwick, Leamington, Rugby, Nottingham, Derby, Leicester, Loughborough, Lincoln, Northampton, Kettering, Stoke-on-Trent, Stafford, Telford, Shrewsbury, Worcester, Hereford.
About the numbers on this page. Rates, fees and loan-to-values are typical market ranges for unregulated bridging in England, given so you can size a deal. They are not an offer. Your terms depend on the property, the exit, the lender and you.
Questions about bridging in Midlands
My deal is only £80,000. Can you help?
Sometimes, but the economics are poor: minimum fees make a small bridge expensive as a percentage. If you are buying several, a single facility across the portfolio is usually the answer.
Do lenders bridge HMOs in Nottingham and Birmingham?
Yes, and the exit HMO mortgage market is deep. Check the Article 4 map and the licensing scheme for the specific street before you buy; a property that cannot be licensed has no exit.
Tell us the deal.
A few numbers and a postcode is enough for a first view. Indicative terms cost nothing and commit you to nothing.