TMG Mortgage Network has expanded its lender panel by adding Bluecroft Finance, a principal bridging lender known for its straightforward underwriting and quick decision-making. This addition is significant as it enhances the options available for brokers and their clients seeking bridging finance solutions across England, Wales, and Scotland.
What is Bluecroft Finance?
Bluecroft Finance is a Greater Manchester-based lender specializing in bridging finance for residential, commercial, and semi-commercial properties. They offer loans from £75,000 to £3 million, catering to a wide range of borrowing needs. Their approach is characterized by common-sense underwriting, allowing for flexible solutions tailored to individual circumstances.
How does Bluecroft Fast-Track work?
One of the standout features of Bluecroft Finance is its Fast-Track service. This option enables eligible residential bridging cases valued under £350,000 to complete in less than seven days. This rapid turnaround is particularly beneficial for borrowers needing quick access to funds, such as those involved in property purchases or renovations.
What does this mean for bridging finance in the UK?
The inclusion of Bluecroft Finance in TMG’s panel significantly enhances the resources available to brokers. They can now offer clients a broader array of bridging finance solutions, including the recently launched ‘2 Become 1’ dual representation service. This service aims to simplify legal processes and speed up completion times for suitable cases, making it easier for borrowers to navigate their financing needs.
Frequently asked questions
What types of properties can Bluecroft Finance fund?
Bluecroft Finance provides bridging loans for residential, commercial, and semi-commercial properties, catering to a diverse range of financing needs.
How quickly can I secure a bridging loan with Bluecroft?
With the Bluecroft Fast-Track service, eligible residential bridging cases can complete in under seven days, offering a swift solution for urgent financing needs.