Category: Bridging

Customers who are awaiting the sale of their home, and need to sell to finance the purchase, will now be able to use a bridging loan to speed up their move into either an Audley Villages or Mayfield Villages property.

After MPs soundly rejected Theresa May’s Brexit deal, in the biggest defeat for any government in the modern parliamentary era the industry airs its views.

After the Decision in Principle (DIP) was received, Precise Mortgages completed on the bridging finance element of the case in just nine working days which enabled the customer to purchase the property at auction.

Fiduciam has issued its first Spanish loan of the year, a €850,000 loan secured over a luxury villa in Mallorca with an 18-month term and an interest rate of 0.80% per month.

In 2012 he joined Which? Financial Services as managing director, growing the business from a pilot scheme to completing more than 600 mortgages every month, before setting up his own advice firm in 2017.

Over 100 delegates have already signed up to the event with interest gathering increasing momentum.

The firm will now send the questionnaires to the client via email as soon as the case is instructed.

Brokers feel Brexit and stagnant house prices will not negatively affect the lending market, with only 2.5% of professionals in the sector expecting to see sales decline.

Bridging lender Market Financial Solutions (MFS) will be offering bridging loans starting from £100,000 to £10m.

Simon Chapman joins Lendco

Chapman was previously with Investec Private Bank, Commercial Acceptances and Amicus Property Finance.