Bridgingloans.com, formally Bristol & West Investments Plc, a leading UK provider of bridging finance solutions, has extended its reach into the residential and commercial bridging loans market with an increase of its available Loan to Value (LTV) ratio. Private individuals and businesses will now be able to borrow up to £10 million with an LTV of 75 per cent on commercial property, while residential properties will benefit from an even higher offer of 85 per cent - one of the best options in the industry. This increase in accessibility of loans enhances the Bridgingloans.com offering for businesses looking to expand or move offices under strict time constraints, and by raising the LTV ratio for residential properties to 85 per cent, customers can secure their homes on greater mortgage amounts.
Bridgingloans.com has changed both its lending portfolio and its support infrastructure - including its website - in a drive to enhance the availability of its bridging finance and make it more useful to the commercial sector. These developments have made the property buying process more straightforward and enabled more customers to bridge the gap between time of sale and completion on their mortgage, thanks to rapid access to greater funds.
"The availability of more favourable LTV ratios on mortgages means that the bridging industry needs to adjust accordingly, raising our LTV helps us to make life simpler for more clients - both commercial and residential," commented Jasvinder Jhumat, Commercial Director, Bridgingloans.com. "This change in availability gives our brokers and IFAs greater flexibility when dealing with customers, which will help to secure more opportunities for businesses and private buyers alike who may miss out on opportunities without quick access to a bridging loan. Our new maximum LTV of 85 per cent on residential properties puts us out at the front of the industry, and when paired with our low rates and high quality of service, we feel we can offer the best bridging package out there."
Max Loan | Max LTV | Default Interest Rate | |
Affirmative | £2 mil | 80% | 2.6% |
Blemain Group | £2 mil | 80% | 0 |
Bridgebank Capital | £2 mil | 75% | Neg |
Bristol & West Investments Plc | £10 mil | 85% | 0.5% pcm |
Catalyst | £3.5 mil | 80% | From 1.25% |
Cheval | £10 mil | 85% | From 1.25% |
Excel Securities | £5 mil | 80% | 3% pcm |
First Property Finance | £1 mil | 80% | No extra |
Link Lending | £1.5 mil | 85% | 0 |
Mathon Finance | £12 mil | 75% | 2% pcm |
Jasvinder Jhumat
Commercial Director, BWI
Tel: 07976 377015
Email: jazz@bridgingloans.com
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