The last few years has seen an ever-increasing demand for bridging finance from our brokers and their clients.
In today’s marketplace both residential and buy-to-let clients are relying more and more on bridging finance to ensure they can complete the purchase of their property.
So why is bridging more relevant in today's market? Here are some stand-out reasons:
It’s quicker – auction purchases dictate a need for speed and some transactions have to complete in weeks & not months!
Property chains are collapsing – clients with good equity can buy their next property without their sale completing.
Bridging criteria is more flexible – typical high street lenders are not as keen to lend outside of policy or look at properties needing some attention.
Good investment opportunities to be had – pub or shop conversions to residential are especially popular post pandemic.
Self builds & small builder developments are growing in popularity – with fewer high street lenders keen on the smaller loans this is something for our lenders.
Let’s be clear, due to a lack of awareness you will rarely get a call from a client asking for a bridging loan, but you will get some of the challenges listed above and the opportunity is there for to you to join the dots.
GOOD NEWS - we are here to help:
We have experts in all things bridging – dedicated bridging team
Rates from 0.47% per month
All types of bridging are considered
Over 20 lenders on our panel – a lot of our success is based on the relationships we have with these lenders
We only charge a £99 application fee – no completion fees!
We are happy to take on the advice aspect & talk to your client – you can advise or refer
