Y3S To Offer Bridging Loans
Many individuals who are looking to move house are being restricted at the moment, not by tough lending criteria from banks and building societies, but due to the fact that they are unable to find a buyer for their existing home.
As a result of this, more and more home movers are being forced to take out bridging loans in order to cover the transition between the two properties and be able to move to the house they want, without necessarily having to sell their previous home.
On the back of this growing loan market, the secured loan broker Y3S has announced that it is to launch a bridging loan service, designed to help these customers find the best loan deal to suit their circumstances.
Y3S operate in the loan broker and financial intermediary sector and can therefore help advisers to find the best bridging loan deals for their clients from the whole of the loan market, saving borrowers the hassle of searching the market themselves for a bridging loan.
This means that it now makes even more sense for a potential borrower to use the services of a loan broker or financial adviser when they are looking for any type of loan, as they can potentially access loan deals which may otherwise be unavailable to them, as well as receiving invaluable professional advice on which are the best loan solutions for their needs.
Y3S say that they have launched the bridging loan service due to seeing a significant increase in the number of individuals who are enquiring about taking out a bridging loan to help them move house.
The new part of the company will be known as Y3S Bridging and Commercial and will be run by Andrew Gage and Nathan Raffour, who both have several years experience in the bridging loan sector.
