TMG Mortgage Network has added Bluecroft Finance to its lender panel, enhancing options for brokers and their clients seeking bridging finance. This addition is significant as it allows advisers access to a principal bridging lender that offers a range of financial solutions across the UK, including residential, commercial, and semi-commercial properties.
What is Bluecroft Finance?
Bluecroft Finance is a Greater Manchester-based principal bridging lender that specializes in providing financial solutions for residential, commercial, and semi-commercial properties across England, Wales, and Scotland. Their offerings include bridging loans ranging from £75,000 to £3 million, underpinned by a common-sense underwriting approach and direct access to decision-makers.
How Does the Bluecroft Fast-Track Work?
One of the key features of Bluecroft Finance is its Fast-Track service, which enables eligible residential bridging cases valued below £350,000 to complete in under seven days. This rapid turnaround can be particularly beneficial for borrowers needing quick access to funds, such as landlords looking to seize investment opportunities or homeowners in urgent need of financing.
What Does This Mean for Bridging Finance?
The inclusion of Bluecroft Finance in TMG’s lender panel is a strategic move that broadens the range of financial solutions available to brokers. With the ability to offer fast completions and innovative services like the ‘2 Become 1’ dual representation, brokers can streamline the legal process and reduce complexities for their clients. This is especially advantageous for those navigating the often intricate world of bridging finance.
Frequently asked questions
What types of properties can Bluecroft Finance cover?
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 Bluecroft?
Eligible residential bridging cases valued below £350,000 can complete in under seven days through Bluecroft’s Fast-Track service.