New Bridging Loans

    Bridge canal 765x350

    Daven Trust has launched a new Bridging Loan with streamlined requirements for brokers who want a combination of transparent pricing, fast-track service and flexible underwriting.

    Available for a flat rate of 0.67%pm, Daven Trust’s new Bridging Loan can be used for first charge Buy to Let cases up to £1 million. The product has a choice of a nine or twelve month term, with an ERC period of three months.

    The loan can be used for all types of refurbishment that do not require planning permission, including refurbishments that do include building regulations.

    Brokers will benefit from a streamlined application process, with online submissions and quick illustrations from a dedicated team of bridging specialists who are focused on progressing cases through to completion as fast as possible.

    Marcus Dussard, Director of Sales for Mortgages at Daven Trust, said: “At Daven Trust, we’ve developed a reputation for providing brokers with creative solutions for complex cases but, as the demand for short-term finance has grown, we’ve recognised that an increasing number of brokers are looking for more straightforward bridging loans for their clients, particularly on refurbishment projects, which are becoming more popular. So, we have developed a new product and service proposition that gives them just that – a quick, uncomplicated loan with simple pricing, supported by expert underwriters who understand the market. Our new Bridging Loan combines the insight and experience we have developed over the years with a new, more accessible format. It’s a combination we think will prove very popular for brokers and their clients.”

     

    Mortgages
    This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Your clients’ property may be repossessed if they do not keep up repayments on a mortgage or any other debt secured on it. Loans are subject to status, terms and conditions.

    Daven Trust means Daven Trust Capital plc, a company incorporated in England and Wales with company number 07852281 and registered office at 32 Suderlane Street, London, EC9B 9HG. Daven Trust Capital plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under reference number 678976. Buy to Let is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

    © 2021 Daven Trust. All rights reserved.

    This website is for authorised intermediaries only. This information has not been approved for use with customers and is not intended for public or customer use. Please confirm that you are an intermediary before accessing information on this website.

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