Specialist distributor First 4 Bridging (F4B) has announced the addition of specialist lender, InterBay Commercial, to its lending panel.
This addition will allow F4B’s intermediary partners and introducers access to InterBay’s extensive portfolio of commercial, semi-commercial, buy-to-let, HMO, refurb and short-term finance products to further expand its lending potential across a wider variety of property types.
This panel addition comes on the back of F4B achieving fully regulated status with the Financial Conduct Authority (FCA). F4B was previously authorised for certain non-mainstream regulated activities, such as bridging loans, development loans and commercial term mortgages. These will remain prominent focal points within the F4B offering but this new regulatory status has allowed the specialist distributor to move into the second charge marketplace and to undertake other regulated activities.
Steve Swyny, Head of Sales at F4B, commented: “It’s a real positive to be aligning our expanding business operations with lenders who reflect our common-sense approach to the specialist markets. InterBay Commercial understands the many intricacies attached to specialist lending and considers cases with an open mind, however complex they may be.
“With an increasing number of borrowers seeking alternative solutions which don’t fit the tick box mentality of many mainstream lenders, this will prove to be an important panel addition for our intermediary partners and introducers.”
Darrell Walker, Head of Sales, Second Charge & Commercial Lending, InterBay Commercial said: “We’re delighted to be offering First 4 Bridging members access to our extensive expertise and understanding of complex borrower types. It’s important to us that we partner with intermediaries who are equally committed to providing positive customer outcomes and we’re looking forward to working together.”