TMG Mortgage Network has announced the addition of Bluecroft Finance to its lender panel, enhancing options for bridging finance across the UK. This partnership is significant as it allows TMG advisers to access a range of bridging loans, including expedited services for residential cases, which can be completed in under a week.
What is Bluecroft Finance?
Bluecroft Finance is a principal bridging lender based in Greater Manchester, offering financing solutions for residential, commercial, and semi-commercial properties throughout England, Wales, and Scotland. Their bridging loans range from £75,000 to £3 million, supported by straightforward underwriting and direct access to decision-makers.
How Does Bluecroft’s Fast-Track Service Work?
The Bluecroft Fast-Track service is designed for eligible residential bridging cases valued below £350,000, allowing for completion in under seven days. This rapid turnaround can be particularly beneficial for borrowers needing quick access to funds, such as those involved in property purchases or renovations.
What This Means for Bridging Finance Borrowers and Brokers
For borrowers, the inclusion of Bluecroft Finance in TMG’s panel means more options for securing bridging finance, which can be important in competitive property markets. Brokers will benefit from enhanced tools like the ‘2 Become 1’ dual representation service, aimed at simplifying legal processes and accelerating completion times. This service is expected to reduce the complexity often associated with bridging finance transactions.
Frequently asked questions
What types of properties can I finance with Bluecroft?
Bluecroft Finance provides bridging loans for residential, commercial, and semi-commercial properties across the UK.
How quickly can I get a bridging loan through TMG and Bluecroft?
Eligible residential bridging cases below £350,000 can complete in under seven days using Bluecroft’s Fast-Track service.