Related topic: Bridging

The lender says making its criteria accessible via Knowledge Bank will make it easier for brokers to match client requirements with its offering.

Purchasing an investment property was the most popular use of bridging finance over the quarter.

Somo’s addition expands the bridging and short-term options available on the platform.

The specialist bank is preparing to enter the bridging market next year.

Commercial Trust advisers can potentially receive an underwriter-assessed offer in principle within just a few hours.

Nick will develop partnerships with brokers, as well as expand broker networks and support brokers with training.

The bank has priced its near prime core, re-bridging and light and medium ranges at just 0.20% pm above its standard pricing.

Owen Bentley, sales director at Inspired Lending, says knowing somebody will answer the phone is one thing; knowing they can deliver on a transaction is quite another.

Brokers can now secure the full bridging finance loan from Masthaven while adding legal fees on top of the advance.

The funding solution aims to support a wider range of development and housing projects across the UK, Aldermore says.