Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

CHL Mortgages Enters Bridging Market with New Loan Products

CHL Mortgages has launched a bridging proposition, expanding its services into the short-term finance sector. The new offering provides both regulated and non-regulated loans for a variety of property transactions and refurbishment projects.

The lender’s bridging proposition is supported by the funding capabilities of its parent company, Chetwood Bank. The product range includes standard and light refurbishment options for cases such as chain-break finance, auction purchases, and internal property upgrades. There are also heavy refurbishment products available for larger-scale projects involving structural works.

Initially, these products are accessible to directly authorised brokers and their clients through selected mortgage clubs and packager panels. CHL Mortgages plans to roll out the proposition to wider distribution channels in the future.

This development is relevant for UK letting agents and inventory clerks who may encounter clients seeking short-term finance solutions for property transactions or refurbishment projects. The availability of both regulated and non-regulated bridging loans could support a broader range of property scenarios, including those requiring quick funding or significant upgrades.