Category: Bridging
Around this time last year Chris Borwick and Andre Bartlett left SPF Private Clients to launch Capital B and in the first year completed £50m from a standing start.
The Which? Financial Services operation sent out a note to its key partners today, which has been seen by Mortgage Introducer.
Shoaib Bux and Yasin Patel lead the division as joint managing directors, totalling 25 years’ experience in the specialist lending industry, having previously both been divisional directors at Amicus, in addition to launching Mayfair Bridging in 2007.
These pricing levels apply to loans up to 60% and 75% loan-to-value respectively.
The Association of Short-Term Lenders (ASTL) found applications for the year ending March 2019 were £21.8bn.
Working in close cooperation with the lender, customers will have the capacity to extend a loan for up to six months if serviced, and up to two months if non-serviced.
All appointments form part of the long term BFS expansion and growth strategy, which continues to see the lender increase turnover by 30% year on year.
Graham Toy, chief executive of the NACFB, said he was delighted the specialist packager had become a member of the association.
United Trust Bank has divisions providing mortgages, bridging finance, development finance, structured finance, asset finance and motor finance. For mortgages It has a limited master broker panel and a select number of strategic packager partners.
The barns in Bedfordshire will be converted into three luxury homes by developers Resolution Homes.