Spring Finance has announced the launch of a new specialist bridging proposition.
The specialist lender confirmed it will be offering a range of loans to support intermediaries and customers, with loan sizes ranging from £50,000 to £2m.
Spring Finance’s product range includes regulated, unregulated, first and second charge, complex credit, heavy refurbishment and light development loans.
The lender enters the market with over 60 years of combined experience and recently announced the appointment of Gavin Diamond, who will become the firm’s CEO in July.
“Spring Finance has seen a clear niche in the bridging market with market conditions calling for a lender that has the experience and expertise to make clear and robust upfront decisions on complex cases,” commented sales director – bridging, Jim Baker.
“Intermediaries and customers need the confidence that the lender will deliver the loan as promised. Feedback from our pilot reaffirms that intermediaries want a trusted partner to support their business and I am delighted we are now bringing our offering to the wider market.”
Head of bridging, Claire Newman, added: “I’m delighted with the feedback from our pilot and am excited that we are now launching to the wider market. One of the core elements of our proposition at Spring is the personal approach to each loan and the commitment to provide a high level of service.
“The whole team takes real pride in a job well done and this will continue through this launch and as we look to enhance our product range over the coming months.”
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