CYBG pilots bridging offering

13-Feb-2019

A spokesperson for CYBG said:

“We are working with a small selection of broker partners to offer bridging loans, which for some customers we believe are an essential form of finance to support the home buying process. We are initially focussed on conventional open, closed and light refurbishment bridging options. We believe the market is currently under served for these types of loans and are confident our offer will be attractive to home owners seeking bridging finance. We hope to be able to widen this to all brokers later this year and will use this initial smaller scale offering with select brokers to help shape our proposition ahead of any expansion to the wider market.”