Tag Archives: brexit

What impact will Brexit have?

What impact will Brexit have on the bridging loan sector? Will it have an impact on the work we do?

I’m no more informed than the rest of us. Let’s be honest, if we’re in we’ll stay as we are and who knows if we leave.

What impact will Brexit have on the Bridging Loan sector.
What impact will Brexit have on the Bridging Loan sector.

However I will make one point. The EU has put untold and unnecessary stress on our sector. The legislation, that has been designed with larger institutions in mind, applies to us little guys too.

Many can’t cope with the mountain of regulation, or the framework that simply wasn’t designed for their businesses. So perhaps OUT would provide our own lawmakers with the opportunity to make more appropriate rules.

Regardless of where we are at the end of June our approach won’t change.  We will always refuse to compete directly with our introducers, we’ll maintain rapid completion times, and continue to provide an exceptional service.

Can you name another lender that…

  • Offers second charge bridging from just 0.95% per month

  • In most cases completes with NO solicitor involvement

  • Average completion in 7 days from initial application

  • Completes many cases without valuation

  • Second charge completed without first mortgage consent

  • Offers NO limit on adverse / NO minimum valuation

  • Provides advances up to £25,000

  • That is entirely privately funded, no bank mandates, no fixed rules

Read all about our lightening quick bridging loans here