Loans start at £50,000 with maximum of up to £2 million
Spring Finance has launched its specialist bridging proposition to the wider market after a successful three-month pilot.
The specialist lender said it will be offering a comprehensive range of loans to support intermediaries and customers with the aim of building a trusted and respected funder that makes quick, robust decisions and provides a flexible, supportive, and efficient service.
The product range includes FCA regulated, unregulated, first and second charge, complex credit, heavy refurbishment (with drawdowns), and light development loans. Loan sizes are from £50,000 to £2 million.
Spring comes to the market with over 60 years of combined experience. It also recently announced the appointment of Gavin Diamond, joining the lender as chief executive in July 2022.
Read more: Spring Finance names new CEO.
Spring has been running a pilot scheme with a select group of intermediaries since March 29, taking feedback on the products, processes, and service.
“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,” Jim Baker, sales director of bridging at Spring Finance, said.
“I’m delighted with the feedback from our pilot and am excited that we are now launching to the wider market,” Claire Newman, head of bridging at Spring Finance, said.
Meanwhile, Spring also announced the refresh of both its website and logo, with the new branding aimed at reinforcing the lender’s evolution while still retaining its heritage.
“Spring Finance has seen a clear gap in the bridging market for a lender that has the experience and expertise to make transparent and robust lending decisions. This, combined with Spring’s common-sense underwriting and efficient processing, even on complex cases, means financial intermediaries and their customers can rely on us to deliver the service we have promised,” Baker said.
“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,” Newman added.