View more on these topics

Bridging Loans secures credit extension

Bridging Loans has secured an extension to its lines of credit from UK banks.

The firm says these funds will help it deal with the 50 per cent increase in enquiries it has received for its short-term finance during quarter two this year.

All credit line extensions are from existing relationships with UK banks.

Bridging Loans says the current market conditions have seen an increase in the number of opportunities for property investors who have the cash available for immediate purchases.

Around 60 per cent of bridges on its loan books are currently property investors looking for funding to increase their portfolio.

Finance director Ryneveld van der Horst says: “Backing from other lenders is extremely important in tight credit conditions and to maintain business growth. It also builds partnerships with the people you rely on most. When many banks and building societies are closing the doors on further lending to both companies and individuals, it is a true testament to our rigorous processes that they have chosen to extend our credit lines.

“We have been working with the banks in question for many years and are delighted that they recognise the long-term potential of this sector.”


Lifesearch launch could see UK debut for Fortis

Lifesearch is to launch a new income protection product in the coming weeks, raising speculation that it signals Fortis’s long anticipated entry into the UK market.

Valuable lessons

Speaking at the Investment Management Association’s annual dinner last month, IMA Chairman Robert Jenkins told the investment management industry and its guests that even though the credit crunch was not | yet over, it was not too soon for all those caught up in it to learn a few lessons.

Tree - thumbnail

The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm