Spring Finance hails significant growth
13 March 2024
Two years since its launch into the bridging market, specialist lender Spring Finance is blooming!
Following another record-breaking month of lending across all products, Spring has made a number of significant hires. With a staff count now approaching 40, the specialist lender has made hires across their bridging and mortgage team as well as boosting their compliance function.
The bridging team has recruited Amy Robinson (previously at Apex bridging) as BDM for Southwest of England and South Wales and Natasha Satanas as a BDE. The mortgage team adds Will Merry (ex MFS and Masthaven) as a senior underwriter and Binay Pun (ex Equifinance) as an underwriter. Tania Smith joins servicing and collections as a senior account manager for mortgages from Pepper. Dave Old joins as Head of Compliance from Masthaven.
These hires support both the regulatory controls of the business and the drive for business acquisition across bridging, development finance and mortgage lending.
Spring has also successfully increased the size of all three of its institutional debt funding lines. In addition to this the company has closed on a very successful mezzanine funding round from private investors.
It is fair to say it has been an extremely busy, and successful, start to the year for Spring!
Jim Baker, Sales Director of bridging added, “The market response to Spring has been exceptional. In a crowded space it is important to create opportunities that add value to brokers operating in both the regulated and unregulated market. We have a hugely experienced team that is core to our proposition and I am thrilled to see two new additions this month to my team in Amy and Natasha”.
Andrew Bloom, CEO and owner of Spring said, “In the 2 years since taking ownership of Spring, the industry has been faced with an incredibly challenging economic climate. I am very proud of the solid foundations that Spring has built. The quality of staff that have joined, together with our robust funding model provides the ideal platform to support our ambitious growth plans. Spring has very exciting plans for 2024 as we look to further establish our business in the specialist lending space”.
About Spring Finance
Spring Finance Limited was established in 2011 as a second charge mortgage lender, lending to customers who don’t meet the normal criteria of high street banks and building societies. It is authorised and regulated by the Financial Conduct Authority for regulated mortgage lending and administration and registered with them for Consumer Buy to Let lending. In March 2022, Spring entered the bridging finance market lending on a first and second charge basis with a mixture of regulated and unregulated loans.
Spring’s focus has always been about treating customers as individuals, and not a credit score. Spring understands that people have different financial backgrounds and believes that just because a customer has bespoke requirements does not mean that they should be excluded from obtaining affordable finance. Spring’s personal and efficient service is central to their relationship-based philosophy and approach to lending.
