Category: Bridging
Having previously worked for Castle Trust Capital and Octopus Property, Graydon is experienced in the buy-to-let market and has knowledge of the bridging and commercial sector. Part of her role will include managing inquiries from the South of England.
Nationwide Intermediary Solutions scooped Lender of The Year, Carrington took home Overall Broker of the Year and Aldermore won Specialist Lender of The Year.
Following a record start to the year, which has seen it commit more than £150m of finance, Octopus Property is on track to lend a record £850m in 2018/19.
Fiduciam has set up a lending structure in co-operation with Germany’s MHB-Bank in Frankfurt. It has set up a German subsidiary, Fiduciam GmbH, which received its licence in January, to offer German SMEs and entrepreneurs bridging finance solutions.
Quinn joins from Secure Trust Bank where he was BDM for the bank’s central region. Prior to this, he was BDM at West Bromwich Building Society. Quinn is replacing Harriet Smith who recently joined Crystal Specialist Finance.
At present the business has a maximum loan size of £1.5m for portfolios and £1m on single properties and 48% said the £1.5m figure was too low.
The business is also looking to recruit people to its team in the North of England.
The company’s average loan size is £380,000 and it advises first-time buyers, remortgages, buy-to-let, bridging, commercial, overseas mortgages, while it is working with an international private finance company.
All of the OneSavings Brands, including Kent Reliance, will be reporting to him.
Based on a number of caveats, which assumes immediate valuation and legal payment, no building surveyor, property access and quick response times from all parties, the decision is supported by figures showing 81% of cases are currently completed within 10 working days when the stipulations are met.