A bridging loan could be the key to expanding your property portfolio
30 October 2014
In a post-MMR environment where banks and building societies are increasingly reluctant to lend, the bridging finance industry has continued to flourish.
An invaluable tool in facilitating a property purchase that would otherwise have not been possible, bridging loans can prove beneficial to landlords, property developers and investors.
Bridging firms have been increasingly included in the Council of Mortgage Lender’s list of top lenders as the industry eclipsed gross lending of £2 billion in 2013, with the total number of loans up by a third year-on-year.
Expanding a property portfolio can be extremely profitable and, as it was recently reported by the Intermediary Mortgage Lenders Association, over half of homes are expected to be rented by 2032. This confirms that the demand for rental property is now higher than ever.
Here at Suite Loans, we use our 25 years of experience in the finance industry to liaise effectively between bridger and borrower.
Our rates are highly competitive and we offer between £30,000 and £2 million, dealing in residential, commercial, development and land.
We have access to mainstream and private funders to satisfy every bridging requirement, offering clients from 1 month to 3 years terms.
As well as property purchasers, Suite Loans also assist clients who need help with cash flow problems and those who need large scale home improvements which could ultimately help sell a property.
After working with Suite Loans, Richard Deacon of Masthaven Bridging said: “What comes across the most is their ability to place cases with the correct funder. The high quality level of deals that we get from them is testament in itself to the hard work and dedication of the team.”
A private funder, Anthony Wall, added: “Suite Loans are unique. They have an experienced understanding of bridging which makes them so easy to work with. Their real strength lies in their ability to package, properly.”
Suite Loans also provide secured loans and asset finance.
To find out more, please visit: http://suiteloans.co.uk/.