Assetz Capital bolsters bridging team
Marketplace lender Assetz Capital has added two relationship directors to its bridging team as its looks to accelerate growth of the bridging loan book in the coming months.
Laleta Buctkuar, pictured below, joins following 12 years at Together and more recently a period at Roma Finance. A bridging specialist, Laleta brings a wealth of experience working within the intermediary market.
Colin Mottram, pictured below, has been promoted internally from senior relationship manager having been at Assetz Capital for two years, and prior to that held commercial roles with Lloyds Banking Group and the Royal Bank of Scotland.
The moves signal a strategic focus on the bridging market for the lender, as it approaches £1.5 billion lent since its inception in 2013 and extends the proposition deeper into more segments of the property-secured lending marketplace.
Towards ensuring the effective management and control of increased loan volumes, Assetz Capital recently appointed Irene Thomas as director of lending operations.
Irene’s previous role was key in scaling Together’s bridging activity and is now bringing this depth of knowledge to bear in the evolution of Assetz Capital’s service delivery as volumes continue to grow.
Assetz Capital is currently running a summer promotion rate reduction of 0.45% across all loan products including bridging, with the promotional rate of 0.61% PCM available to borrowers wishing to progress to valuation on or before July 31st2021.
Mark Standley, national commercial director at Assetz Capital said:
“We have offered bespoke bridging loans for many years, and whilst we can still deliver on complex cases we have also launched a sharper standardised proposition that has been well received by our intermediary partners.
This simplifies the process and reduces the time investment required by all parties to deliver on the majority of bridging cases.
Routine and simple or bespoke and creative, we are well placed to manage funding requirements throughout the loan lifecycle including the exit-bridge to term or bridge to development.
That is why we will continue to invest in the very best talent right across our business to ensure the best possible service experience for our borrowers and brokers.
We are keen to engage with intermediaries across the UK, to collectively take our bridging loans to market at scale.”