Spring Finance announces launch of bridging lending in Scotland

15 April 2024

Specialist lender Spring Finance (Spring) has today announced they have extended their bridging products to include lending in Scotland. The launch includes their full suite of bridging products.

This expansion follows Spring’s recent reduction in their bridging rates. Lending in Scotland is just one part of a number of significant enhancements that are being released to the market in the coming months. These strategic plans follow Spring’s intensive consultation with their key broker partners.

Spring will be supported on the legal side by Allan McKendrick and his team at Wilson McKendrick solicitors, who have a long history of working in the Scottish bridging finance market.

Claire Newman, director of bridging at Spring said “It’s an exciting time in Spring’s journey and I am very pleased that we have been able to offer a product that our brokers have been asking for. We look forward to working with our brokers on their Scottish loans”.

Jim Baker, sales director of bridging said “We have seen a significant demand for specialist bridging in Scotland and this launch shows how quickly we can respond to the needs of our brokers on both sides of the border. Supporting this key area of the market is a clear demonstration of our ongoing commitment to build a leading proposition in the specialist bridging space”.

John Hardman, managing director of Fluent Bridging added, “We have a fantastic working relationship with all the team at Spring. They have a clear niche that helps support a number of our customers and the expansion into Scotland will definitely create new opportunities for us and Spring as we continue the rapid growth of our business”.

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.

FOR FURTHER INFORMATION

Jim Baker
Jim.baker@springfinance.co.uk
m: 07870 842613