In My Opinion
Responsive bridging finance
Blemain Group continues to provide innovative bridging finance solutions for a diverse range of clients
mortgages and bridging finance secured on commercial property or land
by Gary Bailey director,
Blemain Group
Blemain Group has been providing services and products to financial intermediaries for nearly 40 years. You can’t buy experience and the close relationships Blemain Group holds with its brokers mean they really do understand their needs and the markets in which they operate.
The company employs 350 people at its offices in Manchester city centre and operates across mainland UK. Since Blemain Group started lending it has grown phenomenally - changing, adapt- ing and adding to its offering to provide quality products to brokers across the country. Staying respon- sive to the market and the needs of brokers is paramount to Blemain Group.
Committed to providing a variety of financial solutions to a wide range of people in a number of situations, Blemain Group can offer intermediary products including: • Residential secured loans, mortgages and bridging finance secured on the applicants home • Commercial secured loans,
32 BRIdGInG InTRodUCER MAY 2011
• Buy-to-let and semi-commercial secured loans, mortgages and bridging finance
BRIDGING FINANCE
Bridging finance is the perfect tool for short-term lending and often speed is of the essence. We have developed and improved our bridg- ing processes over the years for this very reason and now completion is possible in as little as 24 hours if all documentation is in place. We un- derstand the importance of speed and have geared up our internal systems and external relationships with surveyors and solicitors for a fast response.
Blemain group can provide bridging finance for many different uses, further responding to brokers needs and supplying relevant prod- ucts. It is now being used more and more for commercial and profes- sional uses such as: • Bridging the gap between the sale of one property and the purchase of another
• Investment in business opportunities
• Buying property at auction • Seizing investment opportunities • Easing cash flow concerns • Clearing unexpected bills • Renovating property At Blemain Group, there is an in-
creasing trend in using bridging fi- nance for business acquisition both in expanding a current business or changing its use, for example turn- ing a property into a convenience store. First and second charge resi- dential bridging loans are available for amounts from £26,000 and up to 100% funding can be considered with extra security. Terms are up to 24 months.
“We understand the importance of speed and have geared up our internal systems and external
relationships with surveyors and solicitors for a fast response”
BUY-TO-LET OPPORTUNITIES Specialist products have many positive features and benefits that you wouldn’t get from the conven- tional sources of a big-name lender opening up the market to a wider
www.mortgageintroducer.com
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