Spring Finance launches bridging loan pilot
Specialist lender Spring Finance has announced the launch of its bridging loan pilot scheme.
With an offering of regulated, non-regulated, first charge, second charge and refurbishment products, the pilot is being run with some of the industry’s leading intermediaries ahead of a full launch later in Q2.
Spring Finance has made some important hires in recent months with a wealth of experience and expertise in bridging and development finance and the pilot is being run to ensure the delivery of a service that supports their ambition to become a significant player in the UK residential specialist lending market.
Jim Baker, Sales Director, Bridging at Spring Finance said:
“The pilot is a key phase in helping us build a proposition that provides an exceptional broker experience.
With an underwriting team led by the experienced and highly regarded Claire Newman, this is an exciting and valuable period for us to work and listen closely to our broker partners to help us fine tune ahead of a full market launch”.
Andrew Bloom, Owner, Spring Finance added:
“This is a significant day for Spring as we begin the next phase of our planned growth. We are building an exceptional team at Spring and I am delighted with the progress made in such a short space of time”.