All Types of Mortgages (AToM) is to launch a bridging loans service, called AToM Bridging, in conjunction with GB Finance.
AToM is offering three bridging products to brokers, as well as helping to find a long-term funding solution for clients.
The loans on offer include a standard closed bridge, an open bridge loan and a credit repair product for clients with heavy adverse credit histories who may be finding it difficult to remortgage.
The bridge loans can lend up to 100% of purchase price, lending against open market value and, for loans of 85% LTV, can release funds in 24 hours.
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Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November