Spring launches specialist bridging to the whole of market
After a successful three-month pilot, today Spring Finance launches its specialist bridging proposition to the wider market.
The specialist lender says it will be offering a comprehensive range of loans to support intermediaries and customers with the aim of building a trusted and respected funder that makes quick, robust decisions and provides a flexible, supportive and efficient service.
The product range includes FCA regulated, unregulated, first and second charge, complex credit, heavy refurbishment (with drawdowns) and light development loans. Loan sizes are from £50k to £2m. Spring comes to the market with over 60 years’ combined experience and recently announced the appointment of Gavin Diamond, joining as CEO in July 2022.
Spring has been running a successful pilot scheme with a select group of intermediaries since 29 March. The feedback on the products, processes and service has been invaluable. To coincide with this launch, Spring is delighted to announce the refresh of both its website and logo.
This new branding reinforces Spring’s evolution whilst still retaining its heritage.
Jim Baker, sales director – bridging said: “Spring Finance has seen a clear gap in the bridging market for a lender that has the experience and expertise to make transparent and robust lending decisions.
This combined with Spring’s common-sense underwriting and efficient processing, even on complex cases, means financial Intermediaries and their customers can rely on us to deliver the service we have promised. Feedback from our pilot reaffirms that intermediaries want a trusted partner to support their business and I am delighted we are now bringing our offering to the wider market”.
Claire Newman, head of bridging, commented: “I’m delighted with the feedback from our pilot and am excited that we are now launching to the wider market. One of the core elements of our proposition at Spring is the personal approach to each loan and the commitment to provide a high level of service. The whole team takes real pride in a job well done and this will continue through this launch and as we look to enhance our product range over the coming months”.
