Bridgingloans.com, a leading UK provider of bridging finance solutions, has announced that over 170 brokers from across the UK have attended the organisation's short-term loan seminars in the first six months following their launch. The bridging finance sector has not been as badly affected by the credit crunch as other forms of finance, and the seminars give brokers a clear understanding of short-term financial products. The seminars cover the different uses for bridging loans and how they can provide a quick and cost-effective short-term finance solution for many consumers and organisations - especially property investors.
One of the main topics of discussion during the sessions is the range of options available to property investors. With the current market conditions, more opportunities are becoming available for property investors to increase their portfolios but many mainstream lending options are now harder to obtain. Bridgingloans.com has noticed a rapid increase in the number of investors taking out bridging loans since the start of the year and they now account for roughly 60 per cent of borrowing so far this year.
"There is still a significant lack of understanding when it comes to both the bridging loan process and the uses of this product and over the last year Bridgingloans.com has focussed heavily on the education of the broker community," commented Ryneveld van der Horst, Finance Director at Bridgingloans.com.
"This education is an important, ongoing theme throughout 2008 for Bridgingloans.com, especially because of the pace at which the industry is currently changing. Bridging finance is an area of the industry that has not been as heavily hit by the credit crunch, so brokers need to know that lending is still a viable option for both them and their customers and have a clear understanding of when bridging finance could provide a solution or, more importantly, when it is not an option."
The seminars have proved to be so popular that more have been planned for the coming months to highlight to brokers the advantages of offering bridging finance to their customers. Bridgingloans.com's experienced team of BDMs has been running regular seminars across the UK throughout 2008 in the Midlands, London, the South East and Scotland.
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 dedicated 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 BWI
Tel: 01780 721 433
Ryneveld van der Horst
Tel: 0117 970 2703