We secured a loan exceeding £300,000 with Greenfield Mortgages against the client’s existing property, valued at £700,000, which was repaid from the property’s sale.
Another noteworthy case this year involved a client planning to purchase and renovate a farmhouse for personal residence.
We facilitated a £1.1 million regulated bridging loan over 12 months through MT Finance, securing it against both the client’s existing property and the farmhouse, with the eventual sale of the existing property funding the loan repayment.
The mortgage market and clients’ needs are becoming increasingly intricate and fluid, with no signs of reversal. Regulated bridging stands as a powerful tool for navigating uncertain situations.
The good news is that busy brokers, operating at the frontline, don’t need to familiarize themselves with all the details.
As a master broker with extensive experience in the bridging sector and deep connections with lenders, clients can be referred to us, ensuring they benefit from our expertise.
In doing so, brokers receive a referral fee for connecting clients, and in cases of repeat business, clients transacting with us further reinforce the benefits.
This is a win-win situation where everyone gains – the lender, all involved brokers, and most importantly, the clients. There has never been a more opportune time to dive into the regulated bridging sector.
Source: https://www.financialreporter.co.uk/blogs/regulated-bridging-an-ever-more-popular-solution-for-todays-complex-needs.html
