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Link Lending returns to open bridging loans

Link Lending has resumed lending on open bridging cases, after temporarily pulling from that market.

Over recent months, market conditions have dictated that Link Lending was only offering closed bridging finance (ie, where a contractually fixed redemption date applied).

Now, the lender is once again offering open bridging loans on residential properties, suitable for cases where there is a known source of funds and timescale for redeeming the bridge, but the actual redemption date is not fixed at the outset.

John Maclean, managing director of Link Lending, says: “We are delighted to be returning to open bridging, offering brokers far greater opportunities to find a solution for clients that need short term funding, and giving them the chance to earn commissions from arranging both the short term loan and the long term finance that will redeem the bridging loan.

“Link Lending has also recently made a major investment in web-based facilities for brokers that have combined to create the most sophisticated short-term lender website currently in the marketplace.”


Industry left empty-handed

The 2009 Budget held little for the mortgage market, other than a big fat £175bn IOU. Well, that’s not entirely true – if things pick up in your finances you could now find yourself paying 50% tax.

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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