New business applications for specialist lending rise by 40%

New business applications for specialist lending have risen by 40% since 2016, Complete FS has revealed.

There were particularly strong enquiry levels for bridging loans and specialist first charge mortgages.

This comes after Complete FS is to hold its 15th annual specialist lender expo on the 21 September at the Ageas Hilton Hotel in Southampton with over 30 specialist providers.

Tony Salentino, director at Complete FS, said: “There is growing demand for first and second charge mortgages, bridging, commercial and buy-to-let.

“The only difference is that the clients either do not fit the rigid profile on the high street or they are not getting a swift enough service from mainstream providers.

“Rather than worry about the headlines, remember this is actually a golden time for advisers who are prepared to look beyond the high street.”

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Read the full story and more at Specialist Finance Introducer