At Bridging Finance, we pride ourselves on offering a free, independent, and whole-of-market bridging loan brokerage service.
You may wonder how we’re able to provide our service at no cost to you. In this article, we’ll explain why (and how) we’re free and highlight the benefits of working with us.
How We Operate Without Charging You
Simply put, all bridging finance brokers, including ourselves, earn a procurement fee from the lender when they introduce you to them. This fee is paid by the lender, not by you, and is calculated as a percentage of the loan value.
It’s similar to how mortgage brokers operate—many mortgage brokers provide their services for free because they also receive a fee from the mortgage lenders.
At Bridging Finance, we believe the procurement fee we earn is sufficient. We don’t see the need to charge you an additional fee, which directly saves you money.
Regulatory Oversight and Transparency
Residential bridging loans are regulated by the Financial Conduct Authority (FCA), which means we are monitored on what we do, how we operate, and the lenders we recommend. However, it’s important to note that buy-to-let and commercial bridging loans are not regulated by the FCA.
Regardless of whether a loan is regulated or not, our commitment to transparency and acting in your best interest remains the same.
Our service focuses on the core principal that you receive the lowest total cost option we can find on the market. However, we will also highlight other options where relevant, such as those offering greater flexibility, a better all-round service, or a faster processes, but typically, our clients tend to prioritise minimising total costs.
If you’re ready to explore your options, contact us today or try our free Bridging Loan Calculator.