New bridging loan directory goes live in UK
The first ever financial directory of its kind has been launched online in the UK to help bridging and commercial loan experts to find the best deal for their clients.
Online directory Bridging Loan Directory is aimed at IFAs, mortgage brokers and lenders that are serious about securing fast and effective solutions for short term finance.
The site offers a comprehensive list of key companies specialising in bridging loans and interim commercial finance for a multitude of purposes – from property development to buying a new house or paying an unexpected tax bill – so that intermediaries can select bespoke solutions for their customers.
Tony Sanchez, founder of the Bridging Loan Directory, part of the Clara Capital group, said:
“A mainstream bank may take some months to put together a loan for a borrower, whereas an experienced bridging finance company should be able to advance a loan within a couple of days.
“In the current climate, demand for bridging and commercial finance continues to grow and so the Bridging Loan Directory is keen to offer brokers and intermediaries access to some of the most trusted and reliable providers in the marketplace today.”
Well-known companies featured on the ‘yellow pages style’ directory website include London-based Borro whose introducer programme allows IFA’s, mortgage brokers, accountants, solicitors, lawyers, wealth managers & tax advisors to offer short term loans of £1,000 to £1,000,000. All loans are non-status and secured against jewellery, luxury watches, gold, fine art, antiques, luxury cars, yachts, speedboats and other high value assets.
Approval in Principle (AIP) is provided in minutes and cash is advanced within 24 hours. There are no credit checks or extension, redemption, expiry or penalty fees for clients
Bridgebank Capital – one of the UK’s leading property finance lenders in the area of Bridging and Short Term property – is another directory entry, specialising in residential and commercial property transactions.
Laurence Goodman, MD at Bridgebank Capital, of Manchester, said:
“We provide property funding when it is needed the most and this can often be arranged in just seven working days.
“The Bridging Loan Directory is the who’s who of the finance world because it brings together the industry’s most notable companies in one place – making life easier for advisers and intermediaries.”
Mr Sanchez added:
“Bridgers and commercial financers are fulfilling a real need in today’s economic environment, where appetite to lend amongst the mainstream community is still low.
“While a bridging loan is advanced to a borrower in a much shorter time-frame than a traditional bank loan, most bridging finance companies will still carry out the same level of checks on the transaction as a bank, including obtaining an independent valuation on the property, and conducting due diligence on the borrower’s circumstances.
“Bridgingloandirectory.co.uk is a quick and simple tool to assist providers in finding the right financial products for their clients – with instant decisions and direct access to funds.”