Bridgingloans.com, a leading UK provider of bridging finance solutions, has been selected by Creative Mortgage Solutions to join its exclusive panel of short-term lenders. The specialist mortgage packager launched the panel to offer brokers access to quick, short-term finance through lenders who are approved by the Association of Short Term Lenders (ASTL). Bridgingloans.com's appointment to the panel will offer brokers, who have a viable exit strategy, a reliable source to acquire rapid funding - at a time when some traditional lenders have started cutting the number of distributors they are working with due to a short supply of funding.
Creative Mortgage Solutions expanded its services in 2007 to include an exclusive panel of bridging loan lenders. As the traditional lending market has tightened over the course of this year, Creative Mortgage Solutions has extended its panel of short-term lenders following an increase in bridging loan enquiries. Brokers are finding it increasingly difficult to meet their financial needs through traditional methods, but as long as they have a viable strategy to exit a loan, Bridgingloans.com can offer the available funding.
Kerry Saunders, Managing Director at Creative Mortgage Solutions, commented, "I am extremely pleased we have secured this appointment, as it provides us with a panel that supports brokers at a time when other sources of income and finance are desperately needed. I am looking forward to developing our relationship with Bridgingloans.com in the future."
Martyn Smith, Managing Director at Bridgingloans.com, added, "The recent news that some lenders are starting to cut the number of distributors they're working with is another blow for brokers. However, Bridgingloans.com is committed to widening its net and through this partnership we can provide more brokers with a reliable point of call when they need finance. Enquiries into our services have doubled this year and we're confident that our lending remains responsible because of the transparent processes and robust procedures we implement when dealing with every request."
About Creative Mortgage Solutions:
Creative Mortgage Solutions was set up in 2001 to deliver packaging services to brokers operating predominantly in the Directly Authorised market.
In 2007, Creative launched its own in-house Secured Loans, Commercial and Bridging operation and offers an extensive panel of lenders. It also has plans to expand the range of its services it offers brokers in 2008 as it looks to expand its business during this period. Creative employs 14 staff and originates in excess of 120 cases each month, with 90 per cent coming from Directly Authorised firms.
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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 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 mortgage underwriters well placed to provide a tailored solution to each and every case.
Additional information is available at www.bridgingloans.com
IBA - PR for Bridgingloans.com
Tel: 01780 721 433
Ryneveld van der Horst