Record Users For Bridging Loan Calculator
On a week by week basis, UK Property Finance is seeing record users of its bridging loan calculator.
The calculator was the brainchild of UK Property Finance Founder, Gary Latham. Having worked in the Industry for more years than he cares to remember, Gary knew that often customers just wanted a quick and accurate tool where they could input their own data and receive an output without needing to initially speak with an advisor.
Mr Latham said “we wanted to remove the fear factor that many customers initially have with bridging finance. The industry has moved massively in recent years and the super high interest rates of old have now been replaced by a professional main stream option that can provide a realistic short term finance alternative. Banks rarely offer short term funding and the bulk of our clients come to us have firstly visiting and being rejected by their banks where quite often they have been associated with for many years. Our calculator gives an accurate figure of the cost of a bridging loan and mimics what is available from the best and leading schemes that we can offer in the market. Our clients can use the calculator at any time or in any place and will quickly be able to see if a bridging loan does or does not fit with their requirements prior to contacting our office.”
How does it work?
The applicant enters basic details and requirements into the table provided (explanations and prompts are available for all questions). When the ‘Calculate’ button is pressed accurate figures are emailed to our client showing the interest rate chargeable, total monetary interest amount charged over the term, legal fees, valuation fees, other fees and total borrowing etc.
Gary Latham said “the calculator offers an immensely practical real time answer to bridging finance queries. For many customers this is the first time they have had access to a viable financial solution at the touch of a button.”
The customer can use the tool 24 hours a day 7 day’s week and input as many scenarios as necessary allowing them to visually detail figures that best fits their situation. It enables our client to decide on whether to contact one of our advisors and provides a completely transparent view of all the rates and fees that the loan entails.
Mr Latham added “The demand for our products is significantly increasing and we have access to many ‘special’ offers available through our partners and industry leaders,”
UK Property Finance are a “Whole of Market”, Directly FCA Authorised & Regulated, Master Finance Broker specialising in Bridging Loans, Development Finance & Commercial Finance. Our “Whole of Market” broker status enables us to source Bridging Loans & Development Loans from any lender in the market enabling us to provide the very best of rates.