Bridgingloans.com, a leading UK provider of bridging finance solutions, has reached record breaking levels of completions for its short-term loan products. Loan completions have increased month on month for just under one year - highlighting the ongoing relevance and utility of short-term financing. Bridgingloans.com has strict risk management and assessment procedures, showing that at a time when many lenders are shutting up shop, there is still help available for private buyers and property investors to continue with their business as usual.
Bridgingloans.com has recently had its funding lines extended which will enable it to continue dealing with these record highs of enquiries and completions. The Council of Mortgage Lenders recently announced that repossessions will be double that of 2007 by the end of the year, which shows why there is a need for effective, safe short-term financing options.
"It is important to be responsible. Enquiries are up everywhere, but it takes robust lending criteria to ensure that you don't make bad decisions which will jeopardise both your business and the borrower," commented Ryneveld van der Horst, Finance Director at Bridgingloans.com. "At a time when the market is extremely unpredictable, it is vital that both brokers and bridging providers fully understand what the project is that they're financing and to whom they're lending the money to. Bridging is a financing option that has always required a clear exit route before a loan can be agreed and it is because of this strict process that this sector of the finance industry has not been as badly affected by the current conditions and will continue to remain stable during this challenging time."
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 Bridgingloans.com
Tel: 01780 721 433
Ryneveld van der Horst
Finance Director - Bridgingloans.com
Tel: 0117 9702703