The value of bridging loans increased by 8.5% at the beginning of 2022 compared to the same period during 2021. Bridging loan financing is becoming increasingly popular in the UK and looks set to continue with many investors looking for short-term injections of cash to fund either future property purchases or to overcome what are known as ‘chain breaks’ between property sales.
With several bridging loan finance companies offering a similar service, what can businesses do to become the go-to in this sector? Today, we look at five reputable bridging loan companies that stand out in the industry.
LendInvest
Founded in 2012, LendInvest is a non-bank mortgage lender based in London. The company has become the UK’s leading platform for short-term property finance offers, development and buy-to-let mortgages for intermediaries, landlords and developers across the UK.
With a mission to make property finance simple, LendInvest has built an asset management platform which is designed to streamline the process through fewer forms and increasing the speed to get to a ‘yes’ which creates a better customer experience. This company is inflation-proofing its development loan book by issuing new bonds with a target fixed rate of 6.5% that will mature in August 2027 with the first payment made in February 2023. With the current economic climate creating widespread uncertainty, this development will reassure all those using the platform.
MT Finance
MT Finance provides bridging finance for investors and property developers across the UK. Specialising in short-term loans, this company is an asset-based lender so no customer’s loan application is judged by its credit history. This approach offers a significant degree of flexibility to all of its customers.
Speed, service and transparency. These three things are guaranteed for every customer applying for a loan through MT Finance. Each customer is guaranteed for their short-term loan to happen quickly with utmost attention to detail and full transparency between the company and customer. This award-winning bridging finance company creates an effortless experience for each customer.
Finanta
Founded in 2011, Finanta specialises in bridging loans for the property market with key customers being individuals and businesses across the UK and EU. Using a truly flexible approach, customers undergo an easy application process, leading to an immediate principle decision. Loans range from £26,000 to over £25 million with retained or serviced interest options at the lowest available rates.
A proud member of the Financial Intermediary & Broker Association (FIBA), Finanta tailors each loan to each requirement as it can gain access to funds at market-leading speed helping customers to meet their deadlines without any delay. This company offers full accessibility with its team which offers a sense of trust between the company and the customer.
Fluent Money
Recently acquired by the Mortgage Advice Bureau for over £72 million, Fluent Money is becoming one of the fastest growing brokers in the UK. Fluent Money has a friendly and experienced team that offers advice on the best product for each customer’s needs. Whether it is a secured loan, a mortgage, equity release, bridging finance or an insurance policy, the customer is guaranteed to speak to an expert in that area.
Fluent Money believes in responsible borrowing and works to find the best deals to match the customers’ situation to make sure it is affordable for them too. Founded in 2008, the company has helped thousands of customers attaining a rating of 4.8 out of 5 on Trustpilot.
Kuflink
As featured in FT Adviser, The Times and The Daily Telegraph, Kuflink is an award-winning peer-to-peer UK property investment platform, where the company invests alongside the customer. This company’s purpose is to connect people to financial freedom. Offering both manual and auto-investing accounts with varying return rates, Kuflink offers flexibility and a tailored approach for each customer.
Recently reaching a £200 million lending milestone, Kuflink is not stopping its momentum. Through the platform, customers gain full transparency and have full safety in each investment made. This peer-to-peer lending company offers lenders opportunities to invest in short-term bridging loans with the safety of knowing their loans are secured by property should the borrower default.
If your bridging finance firm would be interested in discussing how our team of experts could help place you ahead of your competitors, why not get in touch today?