After a three-month pilot, Spring Finance is launching its specialist bridging proposition to the wider market.
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 £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.
Spring has been running a pilot scheme with a select group of intermediaries since 29 March.
To coincide with this launch, Spring has refreshed both its website and logo.
Jim Baker, sales director – bridging at Spring Finance, said: “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. 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, 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.”