Spring Finance launches specialist bridging

20 June 2022

Spring Finance has released the details of its specialist bridging proposition which launches today.

The specialist lender says 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 regulated, unregulated, first and second charge, complex credit, heavy refurbishment (with drawdowns) and light development loans. Loan sizes are from £50k to £2m.

Spring comes to the market with over 60 years combined experience and recently announced the appointment of Gavin Diamond, joining as CEO in July 2022.

Prior to launch, Spring has been running a pilot scheme with a select group of intermediaries to get feedback on the products, processes and service and they have said the response to date has been encouraging.

Jim Baker, Sales Director - Bridging said:

“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. 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”

Claire Newman, Head of Bridging, commented:

“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”.