Bridging is providing valuable solutions to today’s problems where clients are able to refinance in 9 to 18 months time, for example a remortgage when the accounts are completed.
On a slightly different tack we have just placed a £250,000 – 5 year business loan as a second charge where the clients previous business folded, the new business doesn’t have it’s accounts prepared and there are over 10 Defaults and CCJ’s plus mortgage arrears.
We also have new lenders in the wings so we can tell you if there may be a product coming soon which will help.