Bridging Introducer

Fincorp administration confirmed

Thu 25 Apr 2019

Fincorp formally entered administration earlier this month after speculation that time was finally up for the bridging lender. On 11 April, Michael Kiely and Simon Bonney were appointed joint administrators of Finance and Credit Corporation Limited, otherwise known as Fincorp. Initially launched in 1988 the lender was an established player in the post financial crisis […]

Zorin Finance funds 82 properties in South West London

Fri 2 Jun 2017

Zorin Finance has completed a £26m loan to developer Vision Homes to fund the building of 82 properties in South West London. Zorin pledged to fill the gap left by mainstream banks and provide more funding to SME housebuilders. Luke Townsend, its chief executive, said: “With limited financing a major contributor to the UK’s housing […]

new appointment

Octane Capital partners with Connect for Intermediaries

Mon 15 May 2017

New bridging lender Octane Capital has signed a partnership deal with its first network in Connect for Intermediaries. Octane has joined both Connect’s mortgage network and the panel of its packaging arm. Jonathan Samuels, chief executive of Octane, said. “We’re excited to be working with Connect Mortgages as Connect’s brokers really understand the bridging market, […]

Masthaven hires Harriet Smith from Borro

Fri 7 Apr 2017

Masthaven has hired Harriet Smith as a business development manager from Borro. She spent six years at Borro, where she focused building the lender’s bridging loan book. The lender has also appointed Charles Creak as a business development executive. Creak spent a year assisting the business development team of OakNorth bank and is an Economics graduate […]

Bridging Introducer: The need to promote responsible lending

Tue 21 Feb 2017

Benson Hersch is the chief executive of the ASTL.  Responsible and professional intermediaries owe a duty of care to their clients; a duty which, with the many and varied mortgage products on offer, is a difficult one. For example, for clients with existing mortgages, a second charge may be the most appropriate solution for a […]

Bridging Introducer: Let rate battle commence

Tue 21 Feb 2017

Kit Thompson is director of bridging and development finance at Brightstar February and indeed 2017 has started with a bang in the bridging sector. The rate war for the cheapest bridging rate is well under way, with Masthaven offering a 0.49% pm rate on prime bridging loans sub 40% loan-to-value. Precise are offering 0.54% via […]

ASTL: Beware moving up the risk scale

Thu 26 Jan 2017

Benson Hersch is CEO of the Association of Short Term Lenders The bridging market has become increasingly crowded over the past few years. With more and more lenders competing for customers we are at a situation where sometimes there are more funds available than there are borrowers needing them. The consequence of this has been […]

Bridging Introducer: Flexibility is the key to success

Wed 25 Jan 2017

Dave Fathers is head of sales at Finance 4 Business Firstly, may I wish all the industry a Happy New Year and a prosperous 2017. It was a welcomed relief to relax and spend time with the family. As is the norm for this time of year, I drank and ate too much, but thankfully have […]

Bridging Introducer: Turning negatives in to positives

Wed 25 Jan 2017

Kit Thompson is director of bridging and development finance at Brightstar Happy New Year to you all. If like me you over-indulged with food and alcohol over the festive period, you will welcome the opportunity to get back to the office and make an attempt at maintaining a slightly healthier lifestyle (at least until the end […]

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