Link Bridging offers absolutely transparent terms, with no early redemption charges or exit fees, no up front processing fee and no minimum borrowing terms. Legal fees are charged at a flat rate as opposed to a percentage of the advance. Rates start at 0.75% per month, on the bridging products, while the Link Loans secured loan products have rates which are fixed for the term of the loan, starting from 12.4%, and with LTVs up to 80%
John Maclean, managing director of Link Lending, said: “We are delighted to offer brokers access to Link Bridging and Link Loans via The Mortgage Times and its Vision Network member firms. We believe that The Mortgage Times reflects our commitment to good value and high quality service standards, and we are pleased to make our products available through this wider distribution channel.”
Richard Stokes, Director of Product & Provider Development "Applicants are currently enjoying all time low variable rates on their mortgages so we are finding more and more advisers are considering secured loans for capital raising rather than remortgage the whole balance across to an inferior rate with high set up charges. To this end, we have formed an entire new Secured Loans Team to handle the upsurge in enquiries; and adding a lender of the calibre of Link Lending, aimed at mainstream employed borrowers to high LTVs, will undoubtedly bear fruit."
Ends
Note to editors on Link Lending
Link Lending specialises in short-term/ bridging loans through Link Bridging and offers secured loans through Link Loans via a limited distribution panel. The lender has experienced substantial growth since its re-launch into the UK bridging loan market in August 2006.
Short Term Products
Link Lending is absolutely transparent about its terms, with no early redemption charges or exit fees, no up front processing fee and no minimum borrowing terms. Legal fees are charged at a flat rate as opposed to a percentage of the advance. Rates start at 0.75% per month, loan values start from £30,000 with a maximum loan amount of £1.5 million and are available for commercial and residential properties. Interest is calculated on a daily basis and can be rolled up, retained from the advance or paid monthly.
Secured Loan Products
Rates fixed for the term of the loan, products start from 12.4%, and LTVs of up to 80%
About The Mortgage Times Group
The Mortgage Times Group offers a one stop solution for Intermediaries, whether they choose to be an Appointed Representative or Directly Authorised.
The Group’s proposition allows Intermediaries to continue to focus on their business activities, whilst the Mortgage Times Group provides a suite of services ranging from administration of mortgages and general insurance to compliance and regulatory support.
The Mortgage Times Group offers a truly competitive pricing structure, first-class support services and as a company founded ‘by brokers for brokers’, the expertise and knowledge to guide intermediaries through and beyond regulation.
