"We identified a need in the mid-market for a reliable, speedy loan execution capability with a strong solutions-based approach. "
New lender, Interbridge Loans, has entered the market with a range of non-regulated residential and commercial bridging products, available via intermediaries.
Interbridge will offer bridging loans from £200,000 to £5m up to 75% LTV on a term of up to 12 months, and heavy refurbishment loans with a term of up to 24 months.
Sven Peter, CEO and founder of Interbridge Financial Group, said: “At Interbridge we recognize that the UK bridging market is strongly broker-led and that our broker partners are best placed to evaluate borrower needs. We are therefore focusing on delivering fast and tailored solutions to our broking partners.
"IB Loans is our Group’s direct lending product specifically targeted at the mid-market broker community. We identified a need in the mid-market for a reliable, speedy loan execution capability with a strong solutions-based approach.
"At IB Loans we want to work with brokers and borrowers who embrace our lending proposition and are looking for speedy solutions and reliable funding. Since our principal funding has significant shareholder money attached to it we can make non-conventional deals happen.
"We bring a lending proposition which is entirely service driven, and our teams are highly experienced, professional and profoundly ethical about everything we do”