News - Bridging loans
Mortgage Solutions | 15 Feb 2012 | 09:42
A free bridging sourcing system has launched enabling brokers to find and place bridging cases with lenders.
BridgingLenders.com will allow brokers to search by lending purpose type, valuation, loan amount and LTV. It is free for
Intermediaries will be able to refer enquiries to providers and receive outline decisions and rates. They can also place multiple enquiries at the same time.
Launched by former Moneyfacts commercial manager and developer Ed Payne and former IFA Roly Birkwood, the sourcing toll is free for brokers and lenders to use and appear on.
Payne said: “Our aim in launching this system is to remove the mystery from bridging lending and to put ordinary intermediaries and bridging lenders in touch with each other to meet clients’ needs.”
Mark Posniak, head of marketing and operations at Dragonfly Property Finance, said: “Anything that brings intermediaries together with the right specialist lenders is a good thing. Where we will perhaps differ from other lenders listed on the site is that we will be passing all leads generated onto our key partners, who can then preside over the applications.
“For us, the involvement of packagers and master brokers makes for a far more streamlined application process."
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