Securing Bridging Loans Swiftly Takes Insight and Expertise

Whether you are a first time investor or you are an experienced developer you need to be confident that your investment goals are clearly understood by your mortgage adviser.

There are pros and cons to securing a bridging loan and it must be done with caution so that you are not exposed to any potential future risks.

Clearly the benefits are speed of transaction, getting the deal done and can often be arranged for 100% of the value. However, due to the unregulated nature of this loan facility, it is critical for first time investors to work with an adviser that has access to and will scruitinise only the most credible lenders in the market.

In this case, we worked with a novice investor, who needed both expert guidance and hands-on support to facilitate the deal on their behalf.

“Our team always strived to make themselves available seven days a week and assisted our client on every aspect of his journey with us going that extra mile from providing comparable reports for the valuation to chasing solicitors to ensure the case completed within 10 working days.” Lee Robinson, Head of Commercial Finance

Our client’s challenge:

Our client, who was experiencing the bridging finance process for the first time, were under a lot of pressure from their vendor to complete the transaction within two weeks or lose out on purchasing the property – which can often be the case.

Our approach:

As a new investor purchasing their first development opportunity, we explored every avenue to find the best product for our client. Our commercial finance team were on hand to advise on the concept of bridging and introduce our network of lenders to meet their individual requirements.

The result for our client:

A change of use development from a public house to new homes for the community.