Award winning short term lender, Link Lending, has announced that it has joined forces with The Mortgage Times to offer its bridging and secured loan products via the packager and its network, Vision Network. Link Bridging offers absolutely transparent terms, with no early redemption charges or exit fees, no up front processing fee and no minimum borrowing terms. Legal fees are charged at a flat rate as opposed to a percentage of the advance. Rates start at 0.75% per month, on the bridging products, while the Link Loans secured loan products have rates which are fixed for the term of the loan, starting from 12.4% and with LTVs up to 80%.
John Maclean, managing director of Link Lending, said: “We are delighted to offer brokers access to Link Bridging and Link Loans via The Mortgage Times and its Vision Network member firms. We believe that The Mortgage Times reflects our commitment to good value and high quality service standards, and we are pleased to make our products available through this wider distribution channel.”
Richard Stokes, Director of Product & Provider Development “Applicants are currently enjoying all time low variable rates on their mortgages so we are finding more and more advisers are considering secured loans for capital raising rather than remortgage the whole balance across to an inferior rate with high set up charges. To this end, we have formed an entire new Secured Loans Team to handle the upsurge in enquiries; and adding a lender of the calibre of Link Lending, aimed at mainstream employed borrowers to high LTVs, will undoubtedly bear fruit.”
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