Category: Bridging
It can facilitate transactions being paid out much more quickly and deliver a significant cost saving for the borrower.
The poll was carried out amongst 100 brokers operating in the fields of bridging, development, mortgage and structured finance.
The £500m of completions was primarily made up of loans to professional landlords, property investors and developers.
Effective immediately, Ong (pictured) joins existing non-executive director Harry Hill, formerly chairman of Rightmove and former chief executive of Countrywide, on the Glenhawk board.
Ben Lloyd from Pure completed the deal within three working days with Bushell Investment Group, compared to an average industry turnaround time of three weeks for second charge loans.
The strapline is ‘The trusted partner, dedicated to you’, aiming to symbolise its commitment to clients, lenders and staff members.
The criteria-based sourcing system’s criteria index has found both categories feature in almost every monthly list and the search for loans for self-employed borrowers has been in the top two for 10 out of the past 12 months.
FIBA executive chairman, Adam Tyler (pictured) will moderate the lenders’ spotlight session, where senior figures in the lending sector will take part in discussions.
Of that £50m, it has already returned over £23m in capital to investors and a further £1.3m in interest.
He will remain in the role until at least September in order to help the association identify and appoint a successor.