Bridgingloans.com, a leading UK provider of bridging finance solutions, has announced that enquiries into its short-term loan offerings have increased by 50 per cent during Q2. The uncertain financial market is continuing to cause properties to go on sale at attractive prices and many investors and businesses are evaluating their financial options - in order to take advantage of opportunities as soon as they arise. The 'business as usual' approach by Bridgingloans.com makes it possible for buyers to secure sought after properties before mainstream lending has been put in place.
The significant increase in the number of bridging loan enquiries suggests that there is a growing trend towards short-term finance, and that the niche sector of the market is starting to strengthen back towards its 'pre-crunch' figures. Although the bridging sector felt the effects of the credit crunch to a lesser extent than many other lenders, enquiries inevitably decreased and procedures were tightened to ensure only the right people with clear exit strategies were approved for loans. This robust underwriting procedure has enabled Bridgingloans.com to continue providing short-term finance, without which, many investors would not have the means to secure funding within just days.
Martyn Smith, Managing Director at Bridgingloans.com, commented: "It's really positive to see such a significant increase in the numbers of individuals and businesses approaching us to find out what their options are during the current financial climate. For those with the right lending criteria, now is the time to plan ahead and snap up value-for-money opportunities in anticipation of an up-turn in the financial market. We've been able to retain a 'business as usual' policy throughout the past few months and this has been achieved by implementing robust and transparent lending criteria - ensuring customers have a clear understanding of the terms and conditions of their loan and can provide a viable exit strategy.
"There has always been a misconception that bridging finance is an expensive option, however the significant increase in enquiries indicates that more people are realising that taking out a short-term loan can be a lot more cost-effective than losing a property because of a delay in mortgage procedures," concluded Martyn Smith.
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
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