Many Intermediaries, whilst aware of the concept of  'bridging', often think that it is a product only designed to enable someone to move before they have sold their current house. It's true that this is one occasion where it might be used but there really are a multitude of other possibilities which might be missed by the untrained eye.

Examples of other opportunities include:

• Developers wishing to build property
• Individuals or companies buying un-mortgageable property to 'do up'
• Auction property purchase with short completion deadlines
• Individuals unable to meet their mortgage payment whilst property is sold (possibly due to redundancy) but who want to avoid incurring a poor payment history.

We can even consider cases with a less than perfect credit history.

The real beauty of a tie-up with a property developers or individuals buying and improving property to sell or let is that if you do a good job they will come back time and time again. Which means that you earn an introductory fee time and time again.

If you would like more information please contact Matt or Carl on (01244) 674411 or email AIP@selectps.biz

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