A bridging lender has announced that it has launched its offering into Scotland with immediate effect.
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div>A bridging lender has announced that it has launched its offering into Scotland with immediate effect.
Bridging Finance Solutions (BFS), established in 2006, has been providing short term residential property finance throughout England and Wales.
Steve Barber, Managing Director of the Bridging Finance Solutions Group, said: “We’re delighted to be extending our service into Scotland at a time when the housing market north of the border is starting to show signs of renewed confidence. Being based in the North, the expansion is a natural progression in support of our introducers, partners and clients.
“We are able to offer both regulated and non-regulated products to brokers with clients requiring fast purchase finance, auction finance, refurbishment finance and classic “chain break” funding.
“All our loans are secured by way of 1st charge on residential property, and we will initially be concentrating on the larger city hubs, with bespoke underwriting on a case by case basis.”
BFS is supported by its legal partners in Scotland, Morton Fraser LLP. Fergus McDiarmid, Partner of the firm, commented: “Morton Fraser is delighted to be partnering Bridging Finance Solutions and to have been involved in advising on their funding arrangements as their business expands not only commercially but geographically into Scotland. A dynamic and exciting business they have a very strong track record of success in England and Wales and we are certain that this will be replicated in Scotland as the property market picks up.”
The Merseyside-based lender offers both regulated and non-regulated loans, available from £25,000 to £1 million. BFS calculates interest daily, doesn’t charge exit fees and loans are made against open market value.
Bridging Finance Solutions is a principle loan provider to individuals and investors seeking short term finance, secured against either investment or residential properties. It is also a Patron of the NACFB.
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