Flexibility is the USP of bridging finance
The short-term lending sector has adapted to the restricted marketplace to provide innovative solutions for a diverse range of clients, says Gary Bailey, director at Blemain Group
L
ending across all product ranges has proved challenging in the past year, with economic uncer-
tainty restricting funding from high street banks and tightening criteria for lending. The specialist lending sector has
taken this challenge and produced viable alternatives in a restrictive marketplace. The use of specialist products has
evolved to encompass a variety of needs and intermediaries have taken the opportunity to diversify their portfolio and adapt their offerings to cater for the modern business – a perfect example
being unregulated bridging finance. Brokers are constantly adapting what
they have to offer to suit modern cus- tomers’ borrowing needs, so it isn’t a shock that changes in criteria and uses of the product have occurred. Bridging finance is a short-term fund-
ing vehicle where clients have an in - tended exit route in a short timescale. Speed is essential in cases of bridging finance and it is down to a company’s internal systems and external relation- ships with surveyors and solicitors to produce a fast response. Bridging finance loans are flexible,
GUIDE TO BRIDGING FINANCE
The
guide to Bridging Finance 2012
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