• Bridgingloans.com extends its reach into the market as traditional mortgage lenders start to cut distribution partnerships
• Provides a much needed source of funding for brokers with viable exit strategies

Bridgingloans.com, has been selected by Creative Mortgage Solutions to join its exclusive panel of short-term lenders. The specialist mortgage packager launched the panel to offer brokers access to quick, short-term finance through lenders who are approved by the Association of Short Term Lenders (ASTL). Bridgingloans.com's appointment to the panel will offer brokers, who have a viable exit strategy, a reliable source to acquire rapid funding - at a time when some traditional lenders have started cutting the number of distributors they are working with due to a short supply of funding.

Creative Mortgage Solutions expanded its services in 2007 to include an exclusive panel of bridging loan lenders. As the traditional lending market has tightened over the course of this year, Creative Mortgage Solutions has extended its panel of short-term lenders following an increase in bridging loan enquiries. Brokers are finding it increasingly difficult to meet their financial needs through traditional methods, but as long as they have a viable strategy to exit a loan, Bridgingloans.com can offer the available funding.

Kerry Saunders, Managing Director at Creative Mortgage Solutions, commented, "I am extremely pleased we have secured this appointment, as it provides us with a panel that supports brokers at a time when other sources of income and finance are desperately needed. I am looking forward to developing our relationship with Bridgingloans.com in the future."

Martyn Smith, Managing Director at Bridgingloans.com, added, "The recent news that some lenders are starting to cut the number of distributors they're working with is another blow for brokers. However, Bridgingloans.com is committed to widening its net and through this partnership we can provide more brokers with a reliable point of call when they need finance. Enquiries into our services have doubled this year and we're confident that our lending remains responsible because of the transparent processes and robust procedures we implement when dealing with every request."