Steve Barber, Managing Director of the Bridging Finance Solutions group of companies, said: “FSA authorisation has helped formalise much of our existing approach to customer service – we first introduced Key Facts type Illustrations and APR interest calculations for all our clients back in 2007.
“We view it as a matter of best practice, enabling introducers to make meaningful comparisons of products. Treating customers fairly has been at the heart of our business from the outset and this is why we are the first choice for many introducers. By providing the regulated product we are able to further our offering to their clients.”
Barber added that having recently secured a significant new funding line, the timing was perfect as clients could now benefit from the same great service and market leading rates for both residential and investment property products.
Authorisation by the FSA has never been harder to achieve, he went on to say, and it undoubtedly represents a vote of confidence in the business, infrastructure and management team, providing a springboard for further growth.
Barber said: “With an increasing market of clients buying property at auction as their principle residence this authorisation also enables us to further support our auction partners on national basis.”
Loans, both regulated and non-regulated, are available from £25,000 to £1million on a national basis. Bridging Finance Solutions calculates interest daily, does not charge exit fees and loans are made against open market value.