Specialist buy-to-let lender, Quantum Mortgages, has launched a bridging proposition to the wider mortgage market.
The new bridging finance products offer a range of features designed to provide flexibility and speed for borrowers. Key features include a seamless transition from the bridging loan to an exit via a Quantum Mortgages buy-to-let product.
With a float of its own capital, Quantum Mortgages ensures a quick release of funds. Additionally, a dual representation legal process is available to streamline transactions, and borrowers are not required to seek compulsory legal advice.
The maximum number of loans granted to any one borrower is limited to the lesser of 10 loans or £10 million of borrowing. Furthermore, Quantum Mortgages will lend on a maximum of 33% of units in an individual block.
The bridging product range is available for a variety of property types and transaction types. Property types considered include standard construction houses and flats, non-standard construction up to 60% of open market value (OMV), ex-local authority flats up to 70% LTV and houses up to 75% LTV (in areas where at least 50% of properties are owner-occupied), flats with deck access over five storeys (max 60% LTV), and HMOs and multi-unit properties up to 12 units.
Transaction types include auction purchases, refinancing, below market value purchases (90% purchase price/70% LTV), automated valuations (70% LTV/£1 million loan), and refurbishments where the borrower has funds for the works.
The arrangement fee is deducted from the loan amount, up to the maximum product LTV.
Earlier this month, Quantum Mortgages soft-launched its bridging product to a small number of their distribution, to allow for testing and feedback prior to the whole of market launch.
Wes Friedel, head of bridging finance at Quantum Mortgages, said: "We are thrilled to unveil our bridging proposition to the market. Our bridging range has been a year in the making, and we’ve designed our short-term lending product to offer the flexibility and speed we’re renowned for, ensuring that our clients can secure the funding they need quickly and confidently. Having worked in the short term finance industry for over 10 years, I have seen and dealt with the pain points of many brokers and borrowers who want a simpler, more open and honest approach to bridging finance. This experience fuelled our determination to create a proposition that would cater to the demands of today’s landlords."
Harsha Dahyea, chief commercial officer at Quantum Mortgages, commented: "At the beginning of March, we gave early access of bridging to members of the Quantum Disruptors Club (QDC). We wanted to give some of our trusted partners the opportunity to test out our proposition before the official launch so we could measure the appetite in the market, and ensure our criteria and products were aligned with our existing portfolio of borrowers. We’re delighted with the demand we’ve seen so far and are looking forward to growing our short-term lending pipeline.”
Jason Neale (pictured), CEO and founder of Quantum Mortgages, added: “March 2025 marks our third anniversary of lending, and we are proud to celebrate this milestone with the launch of our bridging product. For the last three years we’ve worked extremely hard to offer borrowers an innovative and common-sense approach to specialist buy to let lending, and we’re proud to be delivering the same ethos with our bridging proposition. We are pleased with the feedback we have received in our initial launch and look forward to the response from the wider mortgage community.”
