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CML Spokesman Backs Bridging Loans

The Council of Mortgage Lenders is an organisation whose members include banks, building societies and other lenders. Taking into account all members of the CML they are resposible for almost 99% of lending to consumers in the UK. Bridging loans are often thought of as an expensive for of finance for property and only to be used in extreme circumstances. The CML spoksman said that as long as there is a clear exit path that consumer have in mind to ensure that the internet payments they make are not excessive then bridging can be extremely useful. There are many occasions where to secure the property needed and when speed is of the escence bridging is the only realistic option available. The volume of bridging loans is set to grow through 2008 as more land become available for development and as more and more properties become available via the auction route.

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About your bridging loan

Is your bridging loan for:      How much would you like to borrow? Residential property Commercial property Building plot     How long do you need the loan for? Please select... 1 month 2 months 3 months 4 months 5 months 6 months 7 months 8 months 9 months 10 months 11 months 12 months or more   When do you need the loan? Please select... Today In The Next Few Days In The Next Few Weeks In The Next Few Months   Proceed to step 2.

Step 2 of 3	About your mortgage
Estimated property value?   Are you a first-time buyer? YesNo   Do you need to self-certify your income? Yes No   Have you: Had a CCJ or Default registered against you? Missed one or more secured loan or mortgage payments in the last 12 months? Been declared bankrupt or had an IVA? Proceed to step 3.

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Estimated property value?   How much would you like to borrow?       Proceed to step 3.

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First name: Last name:     Phone number: Alternate phone number:   E-mail address: Date of birth:   -- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 -- January February March April May June July August September October November December ---- 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989   First line of current address: Current postcode:     Based on your loan requirements we have selected the specialist bridging loan adviser called Broker Name to help you with your enquiry. Please click SUBMIT to confirm that you are happy for them to contact you by telephone/e-mail.

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