Scottish packager, Deep Blue Limited, has strengthened its relationship with the Blemain Group of lenders by adding their entire range of bridging finance products to its packaged panel.
Deep Blue Limited are appointed to package on behalf of network giant Sesame and already have a strong relationship with Blemain Finance, the residential second charge and semi-commercial lending arm of Blemain Group.
The new arrangement will see them expand their offer to include the short term funding products of all Blemain Group companies, including residential first charge bridges from Cheshire Mortgage Corporation, semi-commercial bridges from Blemain Finance and commercial first and second charge bridges from Lancashire Mortgage Corporation.
Managing director at Deep Blue, Craig Milton said: “Blemain Group has been providing short term finance for over 30 years and has a wealth of experience in this area of the market. The new relationship between Blemain Group and Deep Blue will allow both Sesame ARs and independent introducers to easily access this comprehensive range of short term funding products.”
Gary Bailey, Director at Blemain Group, commented: “Short term funding has proven to be one of the most resilient areas of the market and we are pleased that by working in partnership with Deep Blue we will be able to help a greater number of introducers capitalise on the opportunities that it offers.”
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