Regulated bridging made simpler

See information about all of our bridging products here.
by Leanne Smith, Sales Director
One of the latest improvements to the bridging portal has been applying our simple application and deal management process to your regulated deals.
This means every type of bridging finance can be delivered through the portal, for every type of transaction.
Regulated bridging, however, required different tools to keep the application process simple.
It also needed a thorough understanding of the market so we knew exactly where to pitch the product for brokers to properly support their clients.
What are people currently using regulated bridging for?
We know from sourcing system searches how popular a regulated bridging product is for brokers, who see it as the simplest solution for quick purchases, chain breaks and light decoration works.
Regulated bridging is likely to remain a popular product, with housing in the UK remaining a sellers’ market we’re seeing in certain circumstances the product supporting borrower’s moving to cheaper parts of the UK, downsizing or upgrading.
The shortage of housing stock and high demand for properties places a greater emphasis on needing to complete transactions quickly to avoid disappointment, meaning regulated bridging’s place as a chain break and quick acquisition solution for borrowers yet to sell their home will be popular.
Being flexible in this space, for example offering both 1st and 2nd charges, will help brokers navigate the marketplace.
See information about all of our bridging products here.
Standard use cases
Since our regulated bridging product became available, we’re already seeing the pattern of deals brokers are on the lookout for:
- Property purchases
- Chain breaks
- Capital raises
- Light cosmetic works
- Fast transactions
These are the backbone of regulated bridging deals, and in a challenging property market this year, it can be expected that homeowners will turn to regulated bridging more and more for creative solutions to their transactions.
Keeping it simple
While a lot is different between regulated and unregulated products, the broker role is similar, and in fact making regulated bridging deals flow as easily as all other types of bridging was part of our approach when bringing the application process into the portal.
Brokers can get instant quotes, manage all of their deals, access expert support and get an ESIS’ in minutes, while documents can be managed online with e-signatures.
The live dashboard supports brokers to manage the status of every case, and the application process saves information for repeat customers, meaning the more times brokers use it, the quicker and simpler it becomes for them to continue using.
The portal also offers a live review of potential earnings from the brokers’ deals.
Issued by LendInvest Loans Limited, which is authorised and regulated by the Financial Conduct Authority (ref: 737073) in the UK to enter into (as lender) and administer regulated mortgage contracts.
Your home (and any other property used as security) may be repossessed if you do not keep up repayments on your mortgage. Bridging loans are short-term, high-rate interest loans and fees apply. A mortgage adviser can recommend the most suitable mortgage for you.