Blemain Group helps brokers take control of their bridging deals
That is why Blemain Group has come up with a way of helping brokers control the deal they offer to clients.
Flexible Product Plans
Through listening to the needs of its brokers, Blemain Group has developed bridging finance products that can adapt to the needs of brokers and their customers. Blemain Group’s bridging products include:
• ONE RATE
1.25 per cent - for all LTVs
You decide – any rate you charge over 1.25 per cent is paid as commission.
∑
exit fees and early repayment charges (ERC)
You decide - if you apply one you get 50 per cent paid as commission
• Interest only for a 12 month period, or longer if required.
Great options with no interest loading
• Roll Up payments which can be added to the capital for a pre-determined period -ideal for when the client has a sum of money, a re-mortgage or perhaps a property sale due within the next 12 months.
• Deferred Payments for a pre-agreed period before the payments start - just the facililty for new start businesses and expansion.
• Payment Deduction where payments can be deducted from the advance and credited to the account. This is available on commercial and semi-commercial first and second charges and residential second charges.
Average commission around 1.5 per cent.
o development finance specialists - up to 100 per cent of purchase price and up to 100 per cent of development costs (can include roll-up, deferred payment and payment deduction)
Additional Benefits
Blemain Group differentiates its bridging finance from other lenders by providing clarity as well as speed which is emphasised in its extra products to assist brokers which include:
- No pre-determined rate increase
- No hassle, no fuss – with Blemain Group bridging finance can be completed within 24 hours of the initial enquiry
- Open market valuations on residential bridging loans
- Higher LTVs are available for closed bridges.
Bridging finance is available for first and second charge funding on commercial, semi-commercial and residential property and land. The Blemain Group of lending companies do not differentiate on status and the loan can be written over a 1 - 24 month period, with no pre-determined increase in interest rates, and a 1% lenders arrangement fee. The additional benefits that Blemain Group offers ensures that the client is clear as to what their payments are going to be throughout the term of the bridging loan.
A Wide Range of Lending Solutions
Through listening and responding to the needs of its brokers Blemain Group not only provides innovative products to meet the needs of the client, but will also consider cases that may be outside of typical lending criteria. This allows brokers to place business that they may otherwise lose. Blemain Group will consider:
• Any income
• Any security
• Any status
• Any purpose
Blemain Group prides itself on its ability to provide fast, short term finance with flexible products such as no predetermined rate increase, which prevents any additional costs occurring during the life of the bridging loan. That is why Blemain Group can say it is the complete lending solution.
