This week, following exceptional demand from brokers, First 4 Bridging has decided to increase the loan term from six to nine months to accommodate even more clients.
The minimum loan amount on the product, exclusive to First 4 Bridging, remains at £100,000. Both UK limited and overseas companies may apply and the rate is available on residential investment properties. A clean credit history is required.
Yousouf Roze, Director, First 4 Bridging, commented:
"We’ve had a fantastic response from the broker community over the past week following the launch of this product. A few brokers out there asked if we could extend the term and, having discussed it, we’ve decided to do just that.”
