Commercial News

First 4 Bridging enters second charge market

Rozi Jones -
|
28th August 2019
Steve Swyny First 4 Bridging F4B
"This arm of the business will open the door to an even wider range of alternative lending options to better support the needs of our new and existing intermediary partners."

First 4 Bridging has expanded into the second charge mortgage market with a dedicated division – First 4 Seconds.

F4B was previously authorised for certain non-mainstream regulated activities, such as bridging loans, development loans and commercial term mortgages, but has now achieved fully regulated FCA status.

First 4 Seconds has access to a range of providers and will support introducers from application to completion.

Steve Swyny, head of sales at First 4 Bridging, commented: “Ever since we began the rigorous authorisation process, we had an eye on the second charge market and have been working hard behind the scenes to ensure we have the right level of knowledge, lender relations and experience within the team to ensure that we can hit the ground running.

“This arm of the business will open the door to an even wider range of alternative lending options to better support the needs of our new and existing intermediary partners. Demand for second charge business is growing and this move represents an important step in our expansion plans.”

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