Bridge Invest has joined the Brickflow lender panel, enhancing the bridging finance market for borrowers and brokers alike. This partnership allows borrowers to access up to 65% of a property’s value multiple times over a two-year span, streamlining the borrowing process by minimising the need for repeated legal and valuation procedures.
What are the Key Features of Bridge Invest’s New Offering?
Bridge Invest’s updated proposition includes financing of up to £10m in a single loan, with loan-to-value (LTV) ratios of up to 75% for residential and semi-commercial properties. For commercial assets, the LTV is capped at 65%. This increased capacity and flexible open market value (OMV) limits provide significant advantages for borrowers looking to secure substantial funding.
How Does This Impact Borrowers and Brokers?
This development is particularly beneficial for landlords, property investors, and brokers who require quick access to capital. By allowing multiple draws against a property’s value, borrowers can efficiently manage cash flow and finance new opportunities without the delays typically associated with traditional lending processes. Brokers using Brickflow can now offer this enhanced service to their clients, potentially increasing their competitive edge in the market.
What This Means for the Bridging Finance Market
The integration of Bridge Invest into Brickflow’s lender panel signifies a positive shift in the bridging finance sector. As more lenders join platforms like Brickflow, the options for borrowers expand, leading to more competitive rates and terms. This trend is likely to attract a wider range of investors and landlords seeking flexible financing solutions.
Frequently asked questions
What is bridging finance?
Bridging finance is a short-term loan used to bridge the gap between the purchase of a new property and the sale of an existing one, often used in property transactions.
How can I access Bridge Invest’s financing options?
Borrowers can access Bridge Invest’s financing options through brokers on the Brickflow platform, which streamlines the application and funding process.