Charter House Corporate Partners is set to launch a lender next year as part of its expansion plans.
Over recent months Charter House Corporate Partners has been supporting lenders with their capital needs and now feels that the time is right to launch into the lending market itself with a large loans bridging and commercial facility (£5m -£200m)
Terry Pritchard, founder of Charter House Corporate Partners, will be heading up the lender. Pritchard is a well known face in the industry, having most recently completed a successful contract role with bridging lender Kuflink.
Prior to that Pritchard worked with the likes of Key Retirement, Channel Equity Finance and Edeus.
Pritchard said: “Over recent months we have conducted extensive due diligence on the bridging sector as part of our existing work with clients.
“The current market is one of change, innovation and of new developing business models and we feel we can really add something to the bridging and development finance sector.
“Our aim is to bring a proposition to market that will help brokers navigate this ever-changing landscape whilst providing the best outcome for consumers.
“At a time when new lenders are constantly coming to market we will be different. We will bring experience and business nous to bear and aim to be significant players in the space, whilst not competing with others who specialise in the smaller loans sector.
“Frankly we are ready to launch now but the timing is not quite right for anybody so Q1 suits us better. We’ll do larger loan bridging the right way.”
More details to follow…