Bridgingloans.com completes first bridging loan deal in Northern Ireland

  • Follows Bridgingloans.com's recent launch into Northern Ireland
  • Helps buyers secure houses in fast-moving property market

Bridgingloans.com, the new identity of Bristol & West Investments Plc, a leading UK provider of bridging finance solutions, has completed its first bridging loan deal in Northern Ireland - less than a month after the company launched its services into the country. Bridgingloans.com is one of the first bridging loan providers in Northern Ireland and the speed in which this new deal was secured and completed highlights the need for an experienced bridging loan provider in the fast-moving Northern Ireland property market.

The Bridgingloans.com loan was used to secure a new-build house when the sale of the client's existing property fell through at the last minute. It was turned around quickly so the client could still lay down the payment required to secure his new house, and bridge the gap while he sold his property. The access to a bridging loan may not have been available to the client, had this situation occurred only a month earlier.

The loan was brokered by The Mortgage Shop, which has 25 branches throughout the region. Anne Starkey, Proprietor, The Mortgage Shop, Antrim Road, Belfast, commented: "The Northern Ireland market has been in need of an established bridging loan provider for many years now, so Bridgingloans.com launching here is a big boost for the industry. Dealing with Bridgingloans.com was a genuinely great experience and the company helped us meet our strict time demands.

Bridgingloans.com handled all enquiries swiftly and effectively and that's why we were able to come up with the solution for the customer so they didn't lose the house they really wanted to buy. In today's property climate, it is very important that people are able to complete on a property on time, because there is a tendency for them to go straight back on the market if not. Therefore access to short-term loans is highly important."

"Our move into the Northern Ireland market was born out of a need in the region for a bridging loan provider that can combine rates, rapid turnaround time and quality of service - which is something we can deliver as a result of our 25 years experience in the markets in England and Wales," added Jasvinder Jhumat, Commercial Director, Bridgingloans.com. "The first deal has come so soon after our launch that it is clear how many people there are in Northern Ireland that need access to bridging loans. We look at this as the first step in making life easier for the residents and businesses of Northern Ireland when they need quick, short-term loans to secure a property."

Bridgingloans.com has been an active lender in the short-term finance market for 25 years, with its focus on England and Wales. It lends to business and private residential clients, with a maximum loan amount of £10 million, and is fully authorised and regulated by the Financial Services Authority (FSA).

About Bridgingloans.com:
Bridgingloans.com is dedicated to providing quick and easy access to a broad range of resources to give clear and concise information on short-term bridging finance. Its online application process adds to these resources to make life simple for borrowers looking to secure a property.

Bridgingloans.com is the new public face for Bristol & West Investments Plc, which is an established, independent principal lender providing a competitive and flexible bridging loans service for residential and commercial borrowers. It has a proven track record of providing short term loan solutions to clients for over 25 years and has an experienced team of dedicated case handlers well placed to provide a tailored solution to each and every case.

Additional information is available at www.bridgingloans.com

Duncan Burford
IBA - PR for BWI
Tel: 01780 721 433
Email: dburford@iba-europe.com 

Jasvinder Jhumat
Commercial Director, BWI
Tel: 0117 970 2703
Email: jazz@bridgingloans.com


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