Introducers will now be able to submit bridging business to Positive Lending across the entire range of Blemain Group companies, including Lancashire Mortgage Corporation for 1st and 2nd charge commercial bridges, Cheshire Mortgage Corporation for 1st charge residential and owner occupied semi commercial bridges, and Blemain Finance for 2nd charge residential, semi commercial and Buy to Let bridges. All short term funding from Blemain Group is available on an ‘any status’ basis with 24 hour payouts possible and 100% funding for borrowers who are able to offer additional security. Terms on offer range from 1 to 15 months.
Commenting on the relationship between the firms, Positive Lending MD Paul McGonigle said: “Current conditions have resulted in growing demand for short term funding from borrowers and intermediaries alike. Blemain Group has been providing short term finance for over 30 years and has a wealth of knowledge in this area of the market. We are confident that the combination of Blemain Group’s bridging products and Positive Lending’s packaging experience will enable our introducers to access a fast, effective short term finance solution whatever their client’s circumstances.”
Gary Bailey, Director of Blemain Group added: “We are very pleased to be teaming up with Positive Lending as part of our continued commitment to supporting intermediaries during this challenging period. Blemain Group still has a strong appetite to lend and this partnership will help intermediaries to diversify their business with the support and experience of Positive Lending behind them. Bridging finance is growing in prominence as the preferred option to address of variety of common funding needs and our product range contains options that are suitable for almost any situation. We look forward to working in partnership with Positive Lending and helping their introducers to maximise their conversions and complete more short term finance business.”
