Tip 8: Spoiled for choiceFriday 18th November 2011
This week I want to highlight the fact that there are more and more new lenders entering the bridging market place. Now, from a broker and client perspective this can only be a good thing. A good thing, as this presents us with more choice and hopefully with it a wider variety of product offerings, and at the end of the day that can only be good for the client.
With the market becoming more populated with lenders, it’s important for those existing lenders not to get left behind and lose ground. Therefore, as the market becomes more competitive, it’s not unusual to see keener rates and products emerge to capture a larger slice of that market.
But with all that choice, comes confusion. How do you know who’s offering what and where can the best deals and products be found for any given client scenario? This can be a problem, and if bridging finance is not something that you have to deal with very often then the choice can initially seem quite daunting.
But fear not as help is at hand. Find yourself a knowledgeable specialist packager and with their guidance you will quickly see the advantages of utilising their services. Someone who deals with these lenders on a daily basis will have an in-depth knowledge of what these lenders are offering and how these products can be used to provide a solution for your clients. The current choice available in the marketplace has never been greater, so use your packager to help you to take advantage of it.
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