West One bridge loan gap with new online site

West One bridge loan gap with new online site

West One Loans’ new online platform will allow advisers whose clients have invested in the alternative field of bridging loans to check portfolio performance and commit funds.

Duncan Kreeger, managing director of bridging lender West One Loans, said the new platform would help advisers and their clients by giving a much more efficient service.

Mr Kreeger said: “Today’s investor expects to be able to check up on their portfolio at the click of a button and launching this online platform allows them to do just that.”

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According to the latest West One Bridging Index, there is almost £3bn in annual gross bridging lending. Mr Kreeger claimed that returns available can be better than similar alternative investments.

Adviser View

Kusal Ariyawansa certified financial planner of Manchester-based IFA Appleton Gerrard Private Wealth Management, said: “I am not very keen on such alternative investments, because when returns above inflation are suggested, it tends to go wrong. Look at traded life policies and student property lets, for example – both of which we avoided.”