(PRWEB) November 18, 2010
Companies regularly face difficulties when applying for bridging loans of over £1 million. Even after lenders agree to provide loans on this scale, they often pull out at the last minute which can be more than just a frustration when it comes to time-sensitive property deals. Now a bridging loan company specialising in loans of £1 million and over simplifies the process of applying for larger loans.
Pure Bridge [http://www.purebridge.com/ specialises in bridging loans of £1 million and upwards, with no upper limit. Its streamlined application process means loans are approved rapidly so companies don’t have to wait any longer than necessary for important decisions to be made, and when it agrees to provide a loan the decision is final.
Many bridging loan providers involve exhaustive compliance checks and mountains of paperwork to approve loans on this scale. After waiting for the application to be approved, borrowers are often faced with the irritation of having their application rejected by an anonymous credit committee. Pure Bridge uses an extensive network of High Net Worth investors, improving flexibility and allowing it to provide large bridging loans without involvement from the banks.
Matthew Dailly, founder of Pure Bridge, said: “Pure Bridge takes the frustration out of applying for large bridging loans. Borrowers are too often forced to put up with lenders agreeing to a loan only to pull out at the last minute. At Pure Bridge we are specialists in large loans and know the importance of a fast decision, so we don’t keep our customers waiting.”
Pure Bridge provides non-status loans with no credit checks or affordability checks, and all loans are made on the basis of property value rather than on price. All loans are packaged and underwritten by Pure Bridge, making the process of taking out a large bridging loan faster and simpler.
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