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 particularly significant for advisers looking to provide swift and efficient solutions for their clients, as Bluecroft offers a range of bridging loans supported by direct access to decision-makers.
What is Bluecroft Finance?
Bluecroft Finance is a principal bridging lender based in Greater Manchester, offering residential, commercial, and semi-commercial finance across England, Wales, and Scotland. Their bridging loans range from £75,000 to £3 million, with a focus on common-sense underwriting practices. This approach allows for quicker decision-making and flexibility, which is important in the fast-paced property market.
How Will This Impact Advisers?
TMG advisers will benefit from Bluecroft’s Fast-Track service, which enables eligible residential bridging cases under £350,000 to complete in under seven days. This quick turnaround can be vital for clients needing immediate financing solutions. Additionally, advisers will have access to Bluecroft’s innovative ‘2 Become 1’ dual representation service, designed to simplify legal processes and expedite completion times on suitable cases.
What This Means for Borrowers Seeking Bridging Finance
For borrowers, the inclusion of Bluecroft Finance in TMG’s panel means more accessible options for bridging finance. The ability to complete transactions rapidly can significantly benefit those in need of fast funding, such as property investors or homeowners looking to secure a new property while selling their current one. The streamlined processes introduced by Bluecroft also aim to reduce the stress often associated with securing bridging loans. For more information on bridging loans, check our bridging finance guide.
Frequently Asked Questions
What types of bridging loans does Bluecroft offer?
Bluecroft offers bridging loans for residential, commercial, and semi-commercial properties, ranging from £75,000 to £3 million.
How quickly can I secure a bridging loan through TMG and Bluecroft?
Eligible residential bridging cases under £350,000 can complete in under seven days using Bluecroft’s Fast-Track service.