Finance 4 Business to offer exclusive 80% LTV bridging product

Finance 4 Business to offer exclusive 80% LTV bridging product

Finance 4 Business has announced it has secured exclusive access to a new range of bridging products.

The specialist distributor has access to an 80% LTV bridging product, which is based on the 180-day open market value with a loan term available for 10 months with an additional fee-free, two-month extension available.

Finance 4 Business has partnered with an unnamed lender who has developed a unique technology solution which removes time-consuming paperwork to reduce completion times.

The lender is targeting an average eight working days for completion on residential loans.

Dave Pinnington, head of distribution at Finance 4 Business, said that with its new lender’s technology and its expertise, introducers will be provided with a decision in hours.

“This is just another excellent addition to our bridging offerings and further enhances our intermediary proposition.

“We are in a unique position being able to provide market-leading rates on lower LTVs and now are able to offer the highest LTV rates on the market.”

Towards the end of last year, Finance 4 Business revealed it was targeting 185% growth for 2017 and has since appointed bridging specialists Simon Juniper and Dave Pinnington to help reach its targets.

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