First 4 Bridging expands into second charge loan market
First 4 Bridging (F4B) has expanded its specialist distribution offering into the second charge mortgage market.
The specialist distributor has set up a dedicated and experienced second charge division – First 4 Seconds – which has access to an extensive range of providers to meet a variety of introducer enquires and support them all the way through from application to completion.
This move into the second charge market comes on the back of F4B achieving fully regulated status with the Financial Conduct Authority (FCA). F4B was previously authorised for certain non-mainstream regulated activities, such as bridging loans, development loans and commercial term mortgages. These will remain prominent focal points within the F4B offering but this new regulatory status will allow the specialist distributor to move into the second charge marketplace and other regulated activities.
With its extensive market knowledge and close relationships with a range of specialist lenders, F4B is looking to utilise this new regulatory status to build on its reputation as one of the UK’s leading specialist distributors.
Steve Swyny, pictured, Head of Sales at F4B, commented:
“Ever since we began the rigorous authorisation process, we had an eye on the second charge market and have been working hard behind the scenes to ensure we have the right level of knowledge, lender relations and experience within the team to ensure that we can hit the ground running.
“This arm of the business will open the door to an even wider range of alternative lending options to better support the needs of our new and existing intermediary partners. Demand for second charge business is growing and this move represents an important step in our expansion plans.”