Paul McGonigle - Chief Executive of Positive Lending
These are just some of the comments we’ve heard over the last few months from brokers infuriated with the bridging market. And they’re right. Never before has the sector been packed with so many product options. New lenders seem to launch every week with high street, specialist and niche funders all vying for borrowers. It’s no easy task for a broker to keep up-to-date with the latest product options.
Today’s bridging borrowers are experiencing fantastically low rates, especially under 75% LTV. There are some phenomenal short-term loan options available from established lenders, such as Precise Mortgages. But how do you ensure your customer gets the best outcome?
The savvy broker knows that a specialist distributor, such as Positive Lending, will help them source the best bridging loan outcomes available for their customers. At Positive Lending, we have a dedicated team of bridging specialists who fully understand lender criteria and the products available. They have continuous lender training and work closely with lenders’ underwriters so that they are perfectly placed to source and secure bridging funding.
We asked our broker partners about why they used Positive Lending to help them with specialist lending. Here are some of the replies we received:
Bridging loans provide customers with an extremely useful short-term funding solution. If you’re a broker who finds bridging complicated and you would like help understanding the market or sourcing a loan, speak with Positive Lending’s bridging team on 01202 850830 or Precise Mortgages by calling 0800 116 4385. You’ll love the support that’s available.