Despite the challenges posed by 2020 so far, Aspen Bridging has reported that it currently has zero defaults on its books, and expects to continue…
The Alternative Overdraft is part of the lender’s bridging and development finance proposition, providing a flexible loan facility which delivers funds on 24 hours’ notice.
Dynamo for Intermediaries has added Greenfield Mortgages to its bridging panel.
Avamore Capital has closed two bridging loans with Adapt finance, totalling £1.9m, one of which included the corporate acquisition of a company.
Shawbrook Bank has provided a bridge for a customer in need of a short-term loan to complete an urgent auction purchase.
According to the firm, it has entered the regulated bridging market as a result of increasing borrower demand.
The bridge enabled a property professional to exit an existing lender facility before incurring a 5% immediate default charge.
This is a limited time offer, available for new enquiries received by the lender before the end of November.
Collective Mortgage Network supports traditional mortgage advice and protection business, as well as bridging and development finance.
LendInvest has noted a record quarter for signed bridging applications in Q3 2020.