New lender launches for property investors
SLOW funding decisions from traditional lenders are stopping property investors getting better deals on purchases, says a new lender launched today.
propertyinvestorloans.co.uk promises to speed up funding for experienced property investors by providing finance within 24 hours. The size of loan available ranges from £30k up to £3m and is secured on residential and commercial property.
Chris Baguley, managing director of propertyinvestorloans.co.uk, said:
“Experienced property investors know that having cash available to offer a vendor quickly can help get a better deal. We’ve developed this loan facility to enable property investors and developers to be more entrepreneurial in their approach to vendors and to help them be in a position where they are able to guarantee funds in time for completion.
“We know that slow funding from traditional lenders hampers transactions for purchasers and in many cases means that property investors either pay over the odds or the vendor prefers another buyer with cash available. Property investors who have told us that this is what is required in order for them to generate better returns and boost deal flow.”
The product has been developed in partnership with Bridging Finance Limited, an experienced national lender.
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