How do you find the best bridging finance lender?

Whether you are a property developer or property investor one of the most common questions we get asked is who is the best bridging lender? 

Plenty think they are, especially the ones who are focused on awards but these don’t necessarily mean best.

Best can be:

-Quickest ☑
-Lowest cost over period of loan – This is overall cost rather than rate as there can be exit fees☑
-Least information required – this should never select a lender❎
-Rate and amount of loan aren’t changed unless there is a very good reason☑
-Always deliver, as some don’t always have the money to complete☑
-Will treat you fairly if you are late in repaying your loan rather than take you straight to court☑
-They have good valuers and solicitors that can work with you☑

The ideal scenario is all of them and thankfully we have plenty on our panel who meet the above but very dependent on you, the property and the deal.

Best isn’t always the cheapest rate so if in doubt happy to chat.

Searchlight Finance Ltd is a broker not a lender.

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We are a credit broker not a lender.

Searchlight Finance Ltd is registered at 98, King Street, Knutsford, Cheshire, WA16 6HQ. Company Register number is 07929050.

Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 743220. You can check via www.register.fca.org.

We are registered with the Information Commissioner’s Office, Z3109319 and you can check via www.ico.org.uk.

We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.

We source finance from the whole of market and may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Member of National Association of Commercial Finance Brokers (NACFB).