First 4 Bridging expands into second charge market
First 4 Bridging (F4B) has expanded into the second charge mortgage market.
The specialist distributor has set up a second charge division – First 4 Seconds – which has access to a range of providers to meet a variety of introducer enquires and support them from application to completion.
Steve Swyny (pictured), head of sales at F4B, said: “Ever since we began the rigorous authorisation process, we had an eye on the second charge market and have been working hard behind the scenes to ensure we have the right level of knowledge, lender relations and experience within the team to ensure that we can hit the ground running.
“This arm of the business will open the door to an even wider range of alternative lending options to better support the needs of our new and existing intermediary partners.
“Demand for second charge business is growing and this move represents an important step in our expansion plans.”
This move into the second charge market comes after F4B recently became fully regulated by the Financial Conduct Authority (FCA).