Peer-to-peer development and bridging lender Wellesley & Co has soft-launched its intermediary lending brand Wellesley Finance ahead of a full scale launch later this year.
Tom Clark, head of bridging at Wellesley Finance, said the brand’s website – which went live this week – was designed to give brokers a taste of what the firm would be offering intermediaries and their clients.
He said: “At Wellesley we are dedicated to supporting the professional property market and I am delighted to announce the launch of our website which is dedicated to the specialist lending arena.
“We have a highly experienced team and are continuing to grow constantly striving to innovate within the market place.
“Our website is very much just the start and I look forward to further developing this with some exciting new areas in the immediate future.”
Wellesley has been active in the direct to consumer and developer markets for several years and has lent £310m against security valued at over £490m.
Bridging finance is typically available between £250,000 and £5m while development funding facilities are typically available between £1,500,000 and £20m.