First 4 Bridging (F4B) has today become a preferred specialist distribution provider for the Beneficial Network.
This partnership will offer Beneficial’s advisers access to F4B’s forensic knowledge of lender procedures across the specialist markets and alternative routes to finance – notably bridging, development finance and commercial term loans.
The Beneficial Network comprises of independent advisers all qualified and authorised in providing mortgage, protection and insurance advice. The network is currently home to 170 advisers, although it is actively looking to increase appointed representative and directly authorised numbers in 2020.
First 4 Bridging has strong growth plans in place for 2020. The specialist distributor has recently extended its presence in the North West of England with the appointment of Simon Bancroft as business development manager for the region.
Steve Swyny, Head of Sales at F4B, commented: “After initial discussions with the team at Beneficial it quickly became apparent that there’s a healthy appetite throughout its network of advisers for easier access to a more comprehensive range of specialist lending solutions.
“This partnership offers an important opportunity for both our businesses to grow in the right way. We’re excited about opening up potential new revenue streams for Beneficial’s advisers and to arm them with the ability to service a greater proportion of their client’s lending requirements.”
Jason McDonald, Managing Director at Beneficial Network, added: “This represents a great opportunity for Beneficial to work with a formidable team of experts who can guide our advisers and their clients towards the best possible outcomes. I cannot wait for this partnership to start and I look forward to our journey together.”