"This partnership offers an important opportunity for both our businesses to grow in the right way."
First 4 Bridging has become a preferred specialist distribution provider for Beneficial Network.
Beneficial’s advisers can now access F4B’s knowledge of lender procedures across the specialist markets and alternative routes to finance - notably bridging, development finance and commercial term loans.
The Beneficial Network is currently home to 170 advisers, although it is actively looking to increase appointed representative and directly authorised numbers in 2020.
Steve Swyny, head of sales at F4B, commented: "After initial discussions with the team at Beneficial it quickly became apparent that there’s a healthy appetite throughout its network of advisers for easier access to a more comprehensive range of specialist lending solutions.
“This partnership offers an important opportunity for both our businesses to grow in the right way. We’re excited about opening up potential new revenue streams for Beneficial’s advisers and to arm them with the ability to service a greater proportion of their client’s lending requirements.”
Jason McDonald, managing director at Beneficial Network, added: “This represents a great opportunity for Beneficial to work with a formidable team of experts who can guide our advisers and their clients towards the best possible outcomes. I cannot wait for this partnership to start and I look forward to our journey together.”