Magnet Capital
Specialist LenderMagnet Capital is a specialist short-term lender providing bridging finance and second-charge loans for property transactions across the UK. Their underwriting approach emphasises the asset and exit strategy, enabling them to consider cases with complex borrower circumstances that other lenders may decline.
About Magnet Capital
Magnet Capital is a specialist short-term lender providing bridging finance and second-charge loans across the UK. The lender's underwriting approach emphasises the asset and exit strategy rather than focusing solely on borrower circumstances. This enables Magnet to consider cases with complex borrower profiles that other lenders may decline.
Magnet Capital focuses on the viability of the property transaction and the borrower's exit strategy. The lender has developed expertise in assessing short-term finance for a range of scenarios. Magnet offers both bridging and second-charge products through intermediaries.
Magnet Capital is broker-only and works with property finance intermediaries. The lender has built a reputation for pragmatic underwriting. Magnet is regulated by the FCA.
Lending Focus
Magnet Capital offers mortgage products across 2 categories including Bridging, Second Charge.
Key Features
- Asset-led underwriting for bridging and second-charge loans
- Flexible approach to complex borrower profiles
- Loans secured against residential and semi-commercial property
- Fast turnaround with responsive BDM support
- Competitive rates on first and second-charge positions
Pros & Cons
Pros
- Asset-led underwriting — focuses on property and exit, not borrower profile
- Flexible approach to complex borrower circumstances
- Offers both first and second-charge bridging
- Responsive BDM support for brokers
Cons
- –Broker-only — no direct-to-consumer access
- –Smaller lender with limited brand recognition
- –No development finance offering
Fees & Charges
- Arrangement Fee
- Typically 1.5–2% of the loan amount
- Valuation Fee
- Varies by property value — quoted at application
- Early Repayment Charge
- No ERC on most bridging products — minimum interest period may apply
- Overpayment Allowance
- No restrictions — can repay at any time
Mortgage Rates
Rate data coming soon. View rates on Magnet Capital
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- 1–3 weeks from application to completion
- Online DIP
- No — via broker or branch
- Offer Valid For
- 4 weeks from date of offer
Lending Criteria
- Maximum LTV
- 75%
Frequently Asked Questions
What does asset-led underwriting mean at Magnet Capital?
Magnet Capital focuses primarily on the value and quality of the property security and the borrower's exit strategy, rather than relying heavily on personal income or credit scoring.
Does Magnet Capital offer second-charge bridging loans?
Yes, Magnet Capital provides both first-charge and second-charge bridging loans, giving borrowers flexibility in how they structure their finance.
What types of property does Magnet Capital accept as security?
Magnet Capital accepts residential and semi-commercial property as security for bridging and second-charge loans.
Can I get a Magnet Capital bridging loan with complex finances?
Yes, Magnet Capital takes a flexible approach to borrower profiles and can often accommodate cases that other lenders decline due to complex financial circumstances.
How to Apply
Broker only. Magnet Capital products are available through mortgage brokers. Find a broker with Magnet Capital on their panel.
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Alternative Bridging Corporation | Commercial, Bridging, Adverse Credit+2 | Specialist | 70% |
| 4SYTE | Commercial, Bridging, Limited Company | Specialist | 75% |
| Atelier Finance | Commercial, Bridging, Development+1 | Specialist | 70% |
| Black & White Bridging | Commercial, Bridging, Limited Company | Specialist | 75% |
Related Articles
Practical guides and explainers from our blog — relevant to this mortgage type.
MFS Collapse Triggers Caution in Bridging Finance
The collapse of MFS has raised concerns in the bridging finance sector, prompting lenders to reassess funding strategies.
Somo Provides Second Charge Bridge to Assist Landlords
Somo has provided a second charge bridge to assist landlords with arrears, allowing them to use property equity without redeeming first charges.
Nivo Launches AI Case Management for Bridging Finance
Nivo has launched Lender Collect, an AI case management service for bridging finance, streamlining the application process for lenders and brokers.
Bridging Finance: 85% of Offers Now Fixed Rate
Octane Capital reports that 85% of its bridging finance offers are now fixed-rate, indicating a strong demand for stability among borrowers.
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