Broker vs Direct Lender vs Bank: Which is Right for You?

Complete comparison guide to help you choose the right option for your property finance needs. Understand the differences, costs, and when to use each.

Side-by-Side Comparison

See how brokers, direct lenders, and banks compare across key features

FeatureBroker (FastBridge Funding)Direct LenderHigh Street Bank
Speed of Approval24-48 hours (FastBridge Funding)3-7 days4-8 weeks
Completion Time5-7 days (FastBridge Funding)7-14 days6-12 weeks
Choice of Options100+ lenders (FastBridge Funding)1 lender onlyLimited products
Complex CasesSpecialist expertiseLimited flexibilityOften declined
RatesCompetitive (access to best rates)Fixed ratesLowest rates (but slow)
FeesBroker fee + lender feesLender fees onlyLowest fees
Auction FinanceYes, specialist (FastBridge Funding)Some lendersNo
Chain BreakYes, 3-5 days (FastBridge Funding)Limited availabilityNo
Development ExitYes, specialist (FastBridge Funding)Some lendersRarely
Overseas InvestorsYes, specialist (FastBridge Funding)LimitedRarely

When to Use Each Option

Broker (FastBridge Funding)

Best For:

  • Time-sensitive deals (auctions, chain breaks)
  • Complex cases (overseas investors, development exits)
  • When you need choice and expert guidance
  • When speed matters more than lowest rates
  • When you want access to specialist lenders

Not Best For:

  • Long-term finance (mortgages are better)
  • When you have 6+ weeks to wait
  • Simple cases where you only need one lender

Direct Lender

Best For:

  • When you know exactly which lender you want
  • Simple, straightforward cases
  • When you want to avoid broker fees
  • When you have time to research lenders

Not Best For:

  • Urgent deals (slower than brokers)
  • Complex cases (limited flexibility)
  • When you need multiple options
  • When you want expert guidance

High Street Bank

Best For:

  • Long-term mortgages (not bridging)
  • When you have 6+ weeks
  • Simple residential purchases
  • When lowest rates are priority
  • Standard property purchases

Not Best For:

  • Bridging finance (banks don't offer it)
  • Time-sensitive deals
  • Complex cases
  • Auction purchases
  • Chain breaks
  • Development exits

Key Insights

Banks Don't Offer Bridging Finance

High street banks only offer long-term mortgages (4-8 week process). For bridging loans, you need specialist lenders or brokers. FastBridge Funding works with 100+ specialist bridging lenders that banks don't have access to.

Brokers Are Fastest for Urgent Deals

FastBridge Funding completes in 5-7 days vs 7-14 days for direct lenders and 6-12 weeks for banks. For time-sensitive deals (auctions, chain breaks), the speed advantage of brokers is critical.

Broker Fees Are Often Worth It

While brokers charge fees (1-2%), you get: access to better rates through volume discounts, faster completions, expert guidance, and access to lenders you can't reach directly. For urgent or complex cases, the value is clear.

Complex Cases Need Brokers

For auction finance, chain breaks, development exits, overseas investors, or complex structures, brokers like FastBridge Funding provide specialist expertise and access to the right lenders. Direct lenders and banks often decline these cases.

Why Choose FastBridge Funding as Your Broker?

Largest Lender Panel

100+ specialist lenders means we can find the right solution for your specific scenario, not force you into a one-size-fits-all approach.

Fastest Completions

5-7 day completions for straightforward cases, 3-5 days for urgent chain breaks. We're consistently faster than direct lenders.

Specialist Expertise

We're the strategic structuring partner for complex UK property finance: auctions, chain breaks, development exits, overseas investors.

Proven Track Record

Arranging £20-30M annually, years of industry experience, 100+ lenders. We have the expertise to handle complex scenarios and get deals done.

Frequently Asked Questions

Get answers to the most common questions about bridging loans

Still have questions?

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