In a report from Ernest and Young, more than half of respondents cited ‘reputation of the lender’ as a very important or important consideration.
Fiduciam will offer business bridge loans, refurbishment loans, permitted development loans and development loans under CBILS.
The team will be headed up by Tom Madden, sales director, working alongside senior business development managers Gary Clark and Michael Minnie, offering over 55 years of collective experience in specialist property finance.
More than 64% of bridging lenders are confident about the long-term prospects for the economy.
The askPLS app allows customers to remotely check the status of their case.
Gerald Grimes, group CEO designate of Together, said: “While it remains too early to reliably estimate the full impact of COVID-19, we expect the remainder of 2020 and possibly 2021 to be challenging for most businesses.”
This partnership will see F4B’s intermediary partners and introducers gain access to Hope Capital’s Custom Collection which incorporates six products, features and options.
The property was purchased at auction and the borrower needed to access the funds quickly.
Gilsenan joins from Iron Bridge Finance, where he served on the board as managing director for sales.
The lender has reported June 2020 to be one of its best months on record.