Applications involving unsatisfied county court judgments (CCJs), debts, and secured and unsecured arrears – subject to underwriter assessment – will be considered by CHL Mortgages.
Rates start at 0.7% per month, with borrowing available from £100,000 to £10m and up to 75% LTV. The products have no exit fees or early repayment charges.
AVMs are available on eligible properties, potentially removing the need for a physical valuation.
The expanded bridging range includes products for chain break finance and auction purchases, as well as light refurbishment projects, including non-structural internal upgrades, and larger-scale heavy refurbishment projects involving structural works.
Products are available to directly authorised (DA) brokers through selected mortgage clubs and CHL Mortgages’ bridging packager panel, with additional routes being introduced over time as the lender continues to expand distribution.
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Roger Morris, group distribution director at Chetwood Bank for CHL Mortgages, said: “The enhancements create more solutions and will help support a wider range of complex bridging applications, whether that’s for clients with an adverse credit history or those who need quicker access to funding.
“As always, every case we receive is assessed by experienced underwriters who take a practical view of the overall application and understand that complex cases rarely fit neatly into a box.”
