Bridging Finance Solutions sees 25% turnover increase

Mortgage Introducer

October 17, 2018

Merseyside-based Bridging Finance Solutions has revealed a 25% increase in turnover compared to 12 months ago.

BFS operates throughout the UK, however the company focuses on the North West, Leeds and Midlands across as far as North Wales.

Steve Barber, managing director of Bridging Finance Solutions, said: “As we know, the North-South property divide dictates a fairly sizable price differentiator that sees far higher property values in the South.

“Some lenders are less keen to offer bridging for smaller sums, targeting the higher value deals, however, this isn’t the case for BFS.

“We’re happy to work with the smaller builder, developer, investor on smaller tickets items where high street lending has been hard to secure – a demand which is naturally coming from a northern market.”

As of July house prices in the North West rose by 5.6% year-on-year, more than any other region, Office for National Statistics figures show.

Barber added: “Movement in the North West property market typifies a trend that we are seeing across the North.

“As a Northern lender, we understand this area of the market and work in both an advisory and lending capacity to ensure our customers benefit from a product that’s right for them.

“These factors combined mean that more and more professional looking to bridge are choosing BFS.”

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