Bridging loans are a type of short-term finance that's secured against residential, commercial and semi-commercial properties or land with or without planning permission.
You can earn up to 50% of the enhanced lender procuration, depending on the partner and the type of service that you choose. The average commission for bridging loans is £2,688 – please contact your referral partner for more information.1
- Buying a property at auction and need to fast funds to meet strict completion deadlines.
- Buying a new property before and their current home is still unsold, often because a link in the chain has broken during the transaction.
- Refurbishing a property that traditional mortgage lender won't lend against, for example if it's not wind or watertight or has no kitchen or bathroom.
- Buying a property under market value that they need to complete on quickly.
- Downsizing and need to release equity in their current property to buy another.
- Releasing equity to pay for an unexpected tax bill, a business expense or a divorce settlement.
- You’re not an expert in bridging finance.
- A lender is not available to you directly.
- The permissions you’ve been given through your network mean you can’t advise your client directly.
- Your professional indemnity policy doesn’t cover bridging finance.
- Referring your client will better help you meet consumer duty regulations.
Why refer with us
Referral Pro simplifies the referrals process, making it easy for you uncover new referral opportunities, expand your offering and help more clients achieve their financial goals.
Each of our partners is a known industry expert, checked by us before inclusion in this service. Each operates under a contractual ‘no cross / repeat sale’ policy, protecting your business and income streams. And some are rated 'Advisers Choice' by advisers like you to reflect good experiences.
