Introducers will now be able to submit bridging business through Melton for all of the Blemain Group lending companies, including Lancashire Mortgage Corporation, Cheshire Mortgage Corporation and Blemain Finance.
Short term funding from Blemain Group is available on an ‘any status’ basis with 24 hour payouts possible and 100% funding for borrowers who are able to offer additional security. Terms on offer range from one to 15 months.
Gary Bailey, director of Blemain Group, said: “This partnership will help intermediaries to diversify their offering with the support of two very experienced businesses behind them. Our own lending statistics show that demand for this type of product has increased significantly over the past six months, and we look forward to working in partnership to help their introducers complete more of this type of business.”
