The majority of borrowers from Bridgingloans.com are doing so to build their property portfolios. 

Bridgingloans.com, a leading UK provider of Bridging Finance solutions, has announced that around 60 per cent of its short-term loans are made out to property investors. Many entrepreneurs are taking advantage of the uncertain housing market in order to build their portfolios. Seasoned investors are often able to secure significant discounts on the purchase price of a property, and then they borrow from Bridgingloans.com to fund an immediate payment.

Bridgingloans.com provides an ideal solution for these property investors, because it has robust lending criteria to make it more secure and it assesses LTV based on the market value of the house, not on the actual purchase price. This enables investors to capitalise on any discounts that they win from vendors, where they might miss out through other forms of financing.

"A lot of people are getting caught up in the doom and gloom of what's going on in the market at the moment, but there are some great opportunities out there for enterprising individuals and businesses," commented Ryneveld van der Horst, Financial Director at Bridgingloans.com. "There are lenders out there that can still approve loans for borrowers who have the right credentials; what's important is that lenders - whether in the bridging market or elsewhere - are responsible and maintain robust lending criteria. If that happens, we will have business as usual."

Bridgingloans.com provides short-term finance with LTVs of up to 85 per cent, which means that investors who negotiate discounts from vendors can potentially borrow the amount of the purchase price. For example: a property has a market value of £200,000, and an investor negotiates a discount of £30,000, so he has to pay £170,000. Bridgingloans.com will still assess the LTV on the £200,000 market value, so if the investor is entitled to an LTV of 85 per cent, then he can borrow up to £170,000 and cover the whole of the purchase price - thus capitalising on the discount he has secured.