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Mortgage brokers turn to bridging

Mortgage brokers have had it good for the past few years with a good buoyant market. It has however with recent economic conditions become imperative for mortgage brokers to turn to other sources of revenue in an effort to continue supporting their clients in a professional and courteous manner. There are many avenues for advisers to go down to secure additional revenue but brokers have an obligation to ensure they are treating their customer fairly. Bridging loans are a clear alternative to traditional mortgage products not least because of their relative speed of acquisition. They are primarily useful for developers, budding developers, purchasers of land, investors and even smaller scale renovation projects.

This year there were several bridging loan companies at the Mortgage Business Expo and the trend is that more and more bridging companies are turning to this event to get more business through their books.

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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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