What it’s like to intern at BLG

I have spent the past two weeks on a work experience placement at BLG, sampling the roles of employees across the board allowing me to gain an understanding of the work of the company.

On my first day my nerves were put at ease by Laura, who gave me a tour of the office and introduced me to everyone. I was treated as a new employee would be; given an information pack on the company and was welcomed in by all. I settled in quickly and looked forward to the coming days.

Over the past fortnight, I have spent time sitting with members of each different team in the office to learn about the work they do. The first of these was Paul, who talked me through his work in loan monitoring as well as introducing me to the some of the software used by the company, and patiently explained all the key terms to me so I wouldn’t feel lost in the very advanced process. I also shadowed Shabena, taking minutes in an Investment Committee meeting. Iram talked me through her work as an in-house senior surveyor, demonstrating how a development is valued using comparables. I was introduced to the accounts system by Jen and Abi, who have the very important job of controlling and monitoring all the money coming in and out of the company. Each of the members of the first Credit Operations team (Dyan, Laura, Lexie and Tom) also talked me through their roles, which involve a lot of communication, as I learned whilst sitting in on a call with one of the company’s lawyers. Finally, Michelle shared some of her Phoebus wisdom with me and let me have a go at inputting data into the system.

To understand in full the work done by BLG, I spent some of my time out of the office too. I visited Anna, Marketing and PR Director, who showed me through her working day routine, ranging from coordinating email marketing campaigns to organising intricate VIP events for clients and lenders. After discussing the redesign of the site, Anna tasked me with writing a report, identifying potential improvements that could be made to the current BLG webpage. Laura and I also joined Will on a site visit, kitted out with high-vis vests and helmets to be shown around one of the developments funded by the company. The purpose of this visit was to check up on project progress, a common occurrence in BLG’s hands-on approach to lending.

My spare time was filled with various office tasks, from filing and organising cupboards to typing up letters to clients, all of which furthered my understanding of working in an office.

The timing of my placement meant I was lucky enough to catch the annual rounders match, followed by an amazing BBQ, both of which were lots of fun, and captured the positive spirit of the company.

Overall, I have had an extremely enjoyable and informative past 2 weeks with the company and would like to thank everyone for all their efforts into giving me a great experience of working for BLG.

By Lillian our amazing Intern of Summer 2019

WHAT OUR CUSTOMERS SAY ABOUT US

“We have used BLG for development finance for over 8 years. During that time we have found their knowledge and expertise in the property development industry to be second to none. Their loan process, pragmatic and flexible approach to lending and flexibility when required has supported our business needs throughout the period and provided us with support to deliver new homes in Bristol and the surrounding areas.”

“As property developers you never know the curve balls that you may get and a project that is great on paper may prove a bit more tricky.  This happened to us on a project that BLG have funded and throughout they have supported us.  Our business likes to be collaborative and when we hit those tough moments it really felt like we were working as a team with BLG.  If you have a decent project you can get it funded, but what you really need is a business that is there to support and advise you as well.  For us on this project it was BLG.”

“I approached BLG Development finance with an opportunity I had in Chesham, Buckinghamshire, to build 5 new build houses in 2021. My main contact was Anil Bains who is a Director covering Asset Management. Within very quick timescales, BLG provided me with indicative quotes in regards the finance levels they could offer me. Having considered those levels, I requested a valuation to be carried out which again was dealt with swiftly. We proceeded to completion. The build went very smoothly with monthly monitoring being carried out by BLG and monthly drawdown requests dealt with in a very timely manner. Due to a difficult time generally in the market in regards selling, I was in need of a six-month extension to the loan which again was appraised very quickly and granted. Having dealt with numerous funders over the last 20 years, I can only speak highly of my personal experience with BLG and would very confidently work with them again on any future projects. “

"From our side it has also been a pleasure working with BLG and the team there. We have found you easy to deal with, proactive in resolving any minor issues that have arisen through the project and shown great flexibility in working with us as a partner. We will certainly like to work with you on future partners."

“I really appreciate your hard work. We really like the way you communicate & I must say I haven't seen many people who are that approachable.”

“A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

“Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

“We had other funding options, but chose to use BLG again, as we work well with the team, who always provide very clear information and advice with a friendly approach throughout the funding process. Very efficient and always very helpful.”

“Many thanks Anil, it’s been a real pleasure working with BLG so far.  We’re lining up the next project too”

“We would recommend all staff we have dealt with at BLG, as we are very satisfied with the team and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

“All documents are clear and the way you keep clients informed, all the way along the funding process, is refreshing for us”

“With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our funding for our developments.”

“We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

“We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

“BLG are very good at communicating with clients and all documents are very clear and all at BLG are always happy to help.”

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