Clifton Personal Finance has gained vital recognition by clinching the ‘Regulated Bridging Dealer of the 12 months 2023’ title on the esteemed B&C Awards this month.

The ceremony, which passed off at The Hurlingham Membership in Fulham, was a vibrant gathering of over 780 professionals from the finance sector, celebrating the notable achievements inside the business.

Demystifying Bridging Loans

Bridging loans function a monetary bridge that allows people or companies to safe immediate funding for property transactions.

They’re short-term in nature (usually 12 months), offering a monetary cushion till a extra everlasting answer is attained, equivalent to promoting one other property or securing a normal mortgage.

As an illustration, they’re notably useful for these trying to buy a brand new property earlier than promoting an present one. However they can be used to flip properties and promote on for a revenue which is a well-liked technique for property builders.

The B&C Awards and Clifton’s Distinction

The B&C Awards is a prestigious occasion that shines a highlight on exemplary performers within the bridging, industrial, and improvement finance sectors. The award of ‘Regulated Bridging Dealer of the 12 months 2023’ awarded to Clifton Personal Finance is a testomony to the agency’s excellence and dedication in offering tailor-made bridging mortgage options.

It locations Clifton Personal Finance in a distinguished place, reflecting its adeptness in navigating the advanced monetary wants of purchasers, notably in bustling and aggressive property markets equivalent to Manchester’s.

The accolade follows Clifton Personal Finance’s excellent efficiency in 2022, the place the agency scooped up two prestigious awards on the B&C Awards: ‘Service Excellence – Brokers’ and ‘Regulated Bridging Dealer of the 12 months.’ This back-to-back achievement underscores the corporate’s unwavering dedication to offering superior service and experience within the bridging finance sector.

Reflections from the Head of Bridging

Sam O’Neill, Head of Bridging at Clifton Personal Finance, expressed his immense satisfaction in receiving and retaining the ‘Regulated Bridging Dealer of the 12 months’ accolade at this yr’s Bridging & Industrial Awards.

He talked about, “Extremely honoured to win (and retain) the Regulated Bridging Dealer of the 12 months at this yr’s Bridging & Industrial awards. In an more and more regulated market, it’s thrilling to be on the forefront of a sector we don’t see slowing down.”

Manchester’s Evolving Property Panorama

Manchester is at present a hotspot for property exercise. The town’s property market is on an upswing, with a mixture of funding properties, buy-to-lets, new residential houses, and industrial areas.

The dynamic market circumstances necessitate versatile and swift monetary options, making bridging loans an interesting possibility for potential consumers and traders.

The Function of a Bridging Mortgage Dealer

A bridging mortgage dealer serves as a mediator between people looking for short-term financing and the lenders offering these funds, mainly for property transactions.

They scour the market to determine probably the most beneficial bridging mortgage tailor-made to your venture and monetary scenario, making certain you obtain one of the best out there charges.

Brokers liaise with lenders to expedite your software, leveraging their business connections (have in mind most bridging lenders received’t settle for functions straight anyway and require you to make use of a dealer).

Additionally they negotiate with numerous stakeholders like solicitors, surveyors, and property brokers to streamline the deal, making certain a easy transaction.

All through the method, an excellent bridging advisor will prioritise preserving you comfy and well-informed, making the advanced strategy of securing a bridging mortgage significantly extra manageable and fewer worrying.