Auction Bridging Finance MMPI

MMPI Financial Services Limited trading as MMPI is regulated by the Central Bank of Ireland. Reg: C124650

Auction Finance

Bridging & Buy-to-Let Renovation from MMPI Financial Services Limited.

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Buy to Let Renovation & Auction

12 Month Term for Accumulated Interest (no Minimum Term).
18 Month Term for interest only (no Minimum Term). No additional penalty for partial or full repayment before expiry of term.
Up to 70% loan to value.
Minimum Loan size €100,000 – Maximum Loan size €1.25m.
Minimum property value €125,000 with no maximum property value.
Lending in Dublin (and surrounding counties Kildare, Wicklow, Meath), Galway, Cork and Limerick, and for properties in other urban centres with population greater than 5,000 people or more.
The company must be registered in Ireland, with one Irish resident Director on a minimum annual income of €40,000.
Professional Landlord (owning a minimum of 2 investment properties)
An Individual/Company may be able to borrow up to :
- €4m – if the weighted average LTV for all loans is <70%
- Between €4m-€7m is capped at 60% LTV
- Maximum capital exposure is €7m

Fees & charges by the Lender

Lenders Arrangement Fee: 2% of loan amount
Lenders Exit Fee: 1% of loan amount
Legal Fees: €1500 plus VAT
Rate: 1% variable rates per calendar moth (12%)
APRA: From 15.15%

If the property needs renovation the client must show available funds to complete these works.