Bridging brokers' knowledge gap

Moody, Andy
July 2006
Mortgage Strategy;7/3/2006, p49
Trade Publication
The article discusses how mortgage brokers can help clients access bridging finance to speed up property transactions by partnering with specialist lenders. Bridging finance is the most appropriate method of facilitating property transactions. There are two types of bridging finance, the open in which no date for the end of the loan and the close in which the redemption date is known at the outset. The different uses of bridging finance include buying a property at auction when funds are required quickly to complete the purchase, buy-to-let investors negotiating discounts for quick completions, and entrepreneurs who need money urgently to fund a new business or acquisition.


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