New Bridging Lender

New Bridging Lender - 70% Loans Against Market Value!

It's good news to see more competition entering the market, it's even better to see a lender offering bridging products that include property refurbishment loans!

New Bridging Facility and More Mortgages

Although we are still digesting the new lenders product range, with loan to values at upto 70% of open market value and interest rates from 0.5% per month no doubt we will be putting business this lenders way!

With two new lenders entering the bridging market recently maybe this is a sign of continued recovery in the residential mortgage market. A quick check on mortgage product availability reveals that there has been a significant increase in higher loan to value products i.e. 90% or more. There has been an 88% increase in fixed rate products over the last year, moving from 78 mortgage products to 144 now.

Without doubt there is more optimism towards the housing market in general. As mortgage lenders appear to be becoming less "risk averse", then maybe this is a major reason for the new lenders having the confidence to enter the short term bridging finance market.

Submitted by Bridging Loan Broker on Wed, 10/02/2010 - 12:53

Return to our Bridging Loan Blog