Distributing its products through commercial and residential intermediaries, Link Lending is closely associated with Money Partners and Commercial First, its directors being David Johnson, Paul Gower, Philip George and John Maclean. Link Lending is the brand identity of existing bridging lender, Woodberry Securities.
Link Lending has no early redemption charges or exit fees and no up front processing fee. There are no minimum borrowing terms and legal fees are charged at a flat rate as opposed to a percentage of the advance. The lender’s rates start at 0.75 per cent per month, and its maximum laon-to-value (LTV) is 85 per cent. Loan values start at £30,000 with a maximum of £1.5 million and are available for commercial and residential properties. Interest is calculated on a daily basis and can be rolled up or paid monthly.
Managing director of Link Lending, John Maclean, said: “According to the Council of Mortgage Lenders (CML) estimates and other reported increases in bridging lending activity, the market is currently growing by 25 per cent a year. Residential and commercial mortgage brokers are looking for a simple, fair, transparent and competitively priced loan solution for customers who need a bridging loan, and Link Lending aims to fill this gap in the market. Substantial investment in the re-branded bridging loan operation means that we are able to seize the advantage of automated systems and concentrate on developing and sustaining successful relationships with our business introducers. In all situations where a bridging loan is the best solution, speed and top quality service is vital and that’s where we see the opportunity to gain market share very quickly.”
