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Link Lending secures extra £50m warehouse facility

Link Lending Limited has secured an additional £50m warehouse facility arranged by Deutsche Bank, in addition to its existing funding arrangements with Barclays Bank.

Managing director John Maclean says: “Unlike some other bridging lenders that have static funding lines and rely on redemptions to release the funds for new loans, our strategy is to continue to grow our lending volumes in response to the demand for our products and service from brokers.

“Bridging and short term lending is a very fast-moving sector and brokers need to have the confidence that their chosen lender can deliver the funds very quickly, without having to wait on another loan redeeming before their client’s loan can be completed. At Link Lending we have a large appetite to lend on the right deals, and our additional funding line from Deutsche Bank will help us to achieve our planned growth and continue to deliver the excellent service levels that our supporting brokers have come to expect.”


Libor leap to bring sub-prime shock

Sub-prime borrowers on variable-rate mortgages could face a massive payment hike after the spread between bank base rate and three-month Libor reached a 20-year high last week.Hamptons managing director Jonathan Cornell says that many sub-prime borrowers will face a hit when lenders start to reset their variable-rate sub-prime loans in the coming months and the […]


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