Short-term lending proposition Drawbridge Finance is planning a ‘soft launch’ on Friday 12 March, BestAdvice.net can exclusively reveal.
BestAdvice.net has seen a suite of draft criteria documents sent to a handful of key partners. Drawbridge Finance is set to unveil products for residential and commercial bridging, ‘extended’ buy-to-let, loans for houses of multiple occupation (HMOs) and refurbishment finance.
In the documents, Drawbridge is proposing that selected packagers will receive an additional 0.5% proc fee on all loans that are fully packaged.
The plans were distributed by Elliot Hyames, who was hired in January from the Blemain Group, where he was divisional sales manager for eight years. Announcing his appointment at the time Jonathan Samuels, Drawbridge’s CEO, said the intention was to make the “leading lender in the short term lending space””.
