Sesame has broadened the provision of bridging loan products available to its network members with the addition of Oakbridge Financial Services.
Oakridge provides bridging loans from £100,000, interest rates from 0.70% per month, no upper age limit and no exit or administration fee. The business can assist with buying a new home before selling an existing home (including downsizing), as well as purchasing a freehold or extending a lease, light development, divorce, wills and estate planning.
Rob McCoy, senior product and communications manager at Sesame Bankhall Group (SBG), said: “We believe that extending our bridging loan offering with the addition of Oakbridge Financial Services will be popular with members.
“Bridging is a growing market, which represents a great opportunity for brokers to widen the services they can offer their clients.”
Wyn Morrell, managing director of Oakridge, said: “We are pleased to be appointed to the Sesame bridging panel. As an established Regulated Bridging Lender focussed mainly on the residential market we pride ourselves on providing a personalised service and quick decisions for our introducers and their clients.
“We provide a competitive offering and look forward to developing a long and successful relationship with Sesame.”