Transparency call from Bridgebank Capital

Bridgebank Capital has called for transparency in the market over fees.

The bridging lender says its policy remains to not charge upfront administration costs for processing bridging loan applications.

It also has stressed that it does not load fee charges for itself onto third party disbursed costs such as valuation fees or legal fees.

Bridgebank added that it do not pass on fees to professional firms all valuation and legal fees are paid directly by the applicant as appropriate.

Therefore, it claims, brokers and borrowers can accurately establish the true cost of a Bridgebank bridging loan.