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Short term lending

Giving your clients some of the lowest short term rates the market has ever seen.
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You wish to advise your client but use the services of Brightstar to manage the process with the lender on your behalf.
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You wish to refer your client to Brightstar to manage the advice process through to case completion, but still earn a proc fee. Note: We will never cross sell to your client.

Providing your clients with a versatile, flexible and innovative form of finance.

Short term finance has experienced huge growth year on year, which is mainly due to a lack of appetite and the tightening of lending criteria by mainstream lenders. Other lenders have diversified their product ranges to cater for almost any scenario that requires short-term, property-backed finance. This, coupled with an influx of new lenders, an abundance of funding and a willingness to fund deals, has resulted in increased competition and the lowest short term rates the market has ever seen.

Speed is essential for short term finance cases and you can rely on our team of award-winning experts to provide you with a first-class service. Not only that, our specialist divisions work alongside one another and are therefore well placed to provide exit solutions that are so key to the success of any short term finance.

Whatever your enquiry and no matter how involved you want to be with the case, we have a service that can be tailored to you and your clients’ needs and can offer access to: lenders that are not available direct, market-leading exclusives, great rates, and enhanced proc. fees.

 

What is short term lending?

Short term lending, also known as bridging finance, is a short term loan secured against property or land and is used to ‘bridge’ the gap, until longer term finance can be arranged or the underlying security is sold. The key to the success of short term lending is to ensure that a viable exit strategy is firmly in place upon application.

 

Types of finance covered in this division.

First, second and third charge loans on any type of property including:

  • Residential.
  • Commercial.
  • Semi commercial.
  • Land (with/without planning permission).

 

Typical client scenarios.

Your client:

  • Needs to complete on a purchase before their existing property has been sold.
  • Is under auction terms with short completion deadlines.
  • Is purchasing a property under market value and a quick completion is required.
  • Wishes to downsize and release equity in their property to allow them to complete the new property purchase prior to the sale of their existing property.
  • Wishes to release equity from a property or land for cash flow purposes on a short-term basis, (e.g. tax bill, divorce settlement or business use).
  • Wants to purchase a property to refurbish and it is deemed unsuitable for mortgage purposes with mainstream lenders, (e.g. no kitchen or bathroom).

 

Criteria overview:

  • Market-leading rates.
  • Up to 100% LTV available (subject to additional security).
  • Terms from 1–18 months.
  • Loans from £30k to £50m.
  • No exit fees (in most cases).
  • Interest can be retained, rolled, serviced or a combination of these options.
  • Funds available in staged payments (where appropriate).
  • Lending available to individuals, LLPs or limited companies.
  • Light and heavy refurbishment projects.
  • Auction funding available.
  • Lease extensions funded.
  • Lending in England, Scotland and Wales.

 

Get an instant quote.

Call: 01277 561 121
Visit www.easysource.co.uk anytime to submit your enquiry.

Prefer to pass your client’s name and contact details to us?

Call: 01277 561 121
Email: stl@brightstar.co.uk
Submit your client’s details at www.easysource.co.uk and select ‘call my client’.

Contact Brightstar

0845 074 0040

What our brokers say

As a mortgage broker I am sometimes presented with enquiries I cannot handle myself. The market is so specialised now that it would be impossible to be an expert at everything and a second opinion never hurts. So when I found and spoke to the people at Brightstar I felt that I had finally found the back-up I needed. They are all specialist in their areas and the experience I have had from them is second to none. I have dealt with Andy Jacovou and Chris Garcia on numerous Bridging deals and I can say for certain that because of their involvement I have got my clients the best terms on the market.

Peter Momirovski

Other
Services

Residential mortgages

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Buy-to-let mortgages

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Market driven mortgages

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Second charge mortgages

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Commercial finance

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Development finance

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Unsecured loans

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