Regulated bridging finance is a very different kettle of fish from the point of view of the lender. Their position is heavily affected in terms of their responsibility and protection. In short, there are few lenders who are prepared to take on this extra administrative headache, and there are not many of them around.
All this makes regulated bridging finance one of the most difficult area of the market to navigate. It sits at the more time-consuming end of the scale and borrowers are unable to benefit from high levels of competition between lenders.
This leads to some brokers choosing to ignore – or bend – the rules. Calling the purchase a buy to let is a common loophole. You will not, however, find Enness going down that route.
Instead, we will use all of our experience, our strong relationships and our creative and persistence approach to solve your funding issue. Your solution will come from either a bridging lender or a mainstream bank. You will be surprised, as we have been over the years, by what some of the regional building societies are able to do!
Through regular lending reviews, we will ensure you are not overpaying in the short- or medium-term.
To take advantage of our market-leading position in this sector, get in touch for indicative terms.