TMG Mortgage Network has enhanced its lender panel by adding Bluecroft Finance, a principal bridging lender that operates across England, Wales, and Scotland. This partnership is significant as it provides TMG advisers with access to a wider range of bridging finance solutions, which can be important for meeting the diverse needs of borrowers and investors in the current market.
What is Bluecroft Finance?
Bluecroft Finance is a Greater Manchester-based lender that specializes in bridging finance, offering loans ranging from £75,000 to £3 million. Their approach is characterized by common-sense underwriting and direct access to decision-makers, which can significantly streamline the lending process for borrowers. This flexibility is particularly beneficial as quick access to funds is often essential.
How Will This Benefit TMG Advisers in Bridging Finance?
With the addition of Bluecroft to their panel, TMG advisers can now utilize the Bluecroft Fast-Track service. This service allows eligible residential bridging cases below £350,000 to complete in under seven days, which is a considerable advantage for clients needing urgent financing. Additionally, advisers can use Bluecroft’s new ‘2 Become 1’ dual representation service, designed to simplify legal processes and accelerate completion times for suitable cases.
What This Means for Borrowers and Investors Seeking Bridging Finance
This partnership between TMG and Bluecroft is particularly relevant for landlords, property investors, and borrowers seeking quick financing solutions. The ability to secure bridging loans rapidly can facilitate property purchases, renovations, or refinancing, which is important in a competitive market. Access to a broader range of financing options can empower borrowers to act swiftly, potentially securing better deals or opportunities that may otherwise be lost.
Frequently Asked Questions
What types of properties can Bluecroft Finance support?
Bluecroft Finance provides bridging loans for residential, commercial, and semi-commercial properties across England, Wales, and Scotland.
How quickly can I expect to complete a bridging loan with TMG and Bluecroft?
Eligible residential bridging cases below £350,000 can complete in under seven days through the Bluecroft Fast-Track service.