Brokers will now be able to access short-term bridging and unsecured loans from Link Lending, with no early redemption charges or exit fees and no upfront processing fee.
Legal fees are charged at a flat rate, and monthly rates start at 0.75% per month. Interest is calculated on a daily basis and can be rolled up, retained from the advance, or paid monthly.
Neil Hoare, associate director of marketing & IT at Pink, says: “We are delighted to have added Link Lending to our bridging panel. The daily interest and stepped interest rates linked to LTV mean that clients only pay interest on the money they borrow for the time that they borrow it.”
John Maclean, managing director of Link Lending, says: “We are pleased to be able to offer our lending products and terms to Pink’s broker partners. We are confident that this proposition will help members of Pink to find more innovative solutions for a greater number of clients.”