03.11.11 by Andrew Montlake
Bridging At Just 0.6% per month – The Best Product On The Market?
At Coreco, we always try to keep you abreast of the latest developments and are always looking to develop products that are “best of breed”.
With this in mind, our Coreco Specialist Finance team have been hard at work creating what we think is the best Bridging Product available on the market today, in partnership with a leading Short Term Lending provider.
This product is available at just 0.6% per month for the first 3 months and reverts to 1.0% per month thereafter for a maximum term of 18 months. What is more the provider is able to lend up to 75% of the open market value.
Specially created for those who need to purchase properties quickly, those buying at auction, developers who are purchasing under market value and those that are intending to do some light refurbishment, this product undercuts anything we have seen on the market to date.
For anyone who wants more information on this, or any other Specialist finance, Commercial / Development finance, or bespoke portfolio management, please call 020 7220 5110 and ask for our Specialist Finance team.
Below are the main features :-
• 0.60% interest rate for three months reverting to 1.00% thereafter
• 2.00% facility fee
• 75% LTV of open market value
• min loan £250k
• max term 18 months
• loans within M25 only
Monty’s Mortgage Blog
18.05.12
Why Should A Borrower Choose To Use A Mortgage Broker?
There still seems to be a general misconception of what a mortgage broker actually does. Any brokers can tell you in seconds what the cheapest rate in the market is and, at various times, this will vary between a direct to lender product or a broker only deal, but this misses the point. Can this product actually be attained and is it the best to fit your personal circumstances?
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