Category: Bridging
Brokers discussed the benefits of bridging as a way of helping buy-to-let clients access new opportunities, but more than a quarter (28%) said their clients had concerns about short-term finance.
Following the recent launch of its bridging department, Norton Broker Services has opened a regulated bridging desk.
The lender has released a variety of two and 5-year rates, including several with zero product fees.
Jones will be responsible for developing and driving the implementation of the sales and distribution strategy for West One’s bridging and development proposition and will lead and grow the existing sales team.
The lender has shown its support for The Hive’s Mentoring Programme which supports some of the most vulnerable and at-risk children across the Wirral.
The lender has received 3,274 applications with a combined value of over £2.4bn, made AIPs of £8.8bn, and it has completed on 1,375 loans.
Starting interest rates are reduced from 0.75% per month to 0.69% per month for most loan types whilst the maximum loan amount is increased from £7.5m to £10m.
Together has cut rates, increased LTVs and doubled maximum loan sizes in a refresh of its unregulated bridging products.
Masthaven Bank has launched its lowest ever bridging rate as well as introduced re-bridging on its core product range.
Hope Capital has launched a new product range, The Capital Collection, for all property types.