Spring Finance enhances criteria and cuts bridging rates
Spring Finance has reduced rates across its bridging product range and enhanced criteria with residential property purchases now available up to 75% LTV. AVM loan sizes have increased to £200,000 for all first charge bridging loans up to 65% LTV, with no upper limit on property value. The changes are the first of a series […]
Spring Finance improves first charge mortgage offering
Specialist lender Spring Finance has announced the launch of a first charge residential remortgage product following a successful pilot launch in November last year. The product range offers loans up to £100,000 and 75% LTV. The lender has also added an HMO and Airbnb product to its existing second charge buy-to-let product range as well […]
Spring Finance offers first-charge remortgage product
Specialist lender Spring Finance (Spring) has announced the release of a 1st charge residential remortgage product following a successful pilot launch in November last year. The product range offers loans up to £100,000 and 75% LTV. The lender has also added an HMO and Airbnb product to its existing 2nd charge BTL product range as well as […]
Spring Finance launches residential remortgage product
Specialist lender Spring Finance has announced the release of a 1st charge residential remortgage product following a successful pilot launch in November last year. The product range offers loans up to £100,000 and 75% LTV. The lender has also added a HMO and Airbnb product to its existing 2nd charge BTL product range as well as simplifying its eligibility criteria for self-employed […]
Spring Finance enhances mortgage proposition with new products
Spring Finance has expanded its mortgage offering with the introduction of a 1st charge residential remortgage product, building on a successful pilot from November last year. The new product allows for loans up to £100,000 with a loan-to-value (LTV) ratio of up to 75%. In addition, Spring Finance has broadened its product line to include […]
Spring grows funding lines while bolstering team
The firm has increased the size of all three of its institutional debt funding lines, while also closing on a mezzanine funding round from private investors. The company has also made a raft of appointments across its bridging and mortgage team and now has almost 40 members of staff. Amy Robinson joins from Apex Bridging, as […]
Bridging & Commercial Magazine – The Wisdom Issue
To celebrate the 30th issue of the Bridging & Commercial Magazine, we wanted to prepare something truly special. This issue brings you the industry’s top pearls of wisdom, with the aim of helping the entire specialist finance sector and prepare for the year ahead. First off, some of the graduates of the new specialist finance […]
Spring Finance launches first charge products
The new products are available on a pilot basis Specialist lender Spring Finance has unveiled a range of first charge residential remortgage products, which are available on a pilot basis. The range mirrors the lender’s existing second charge products and caters for customers who require a specialist finance solution. The launch follows a series of […]
Spring Finance aims to be ‘very sizeable, specialist non-bank lender’ with development finance entry, says CEO
Spring Finance will be launching a ground-up development finance proposition once economic conditions have settled, and will then introduce a first charge owner-occupied and buy-to-let range next year, as part of plans to become a “sizeable” non-bank lender, Andrew Bloom (pictured), the lender’s chief executive said. Speaking to this publication ahead of Deal Catalyst’s Annual Investor’s […]
Spring Finance secures bridging funding line from Aldermore Bank
Specialist lender Spring Finance has announced that it has recently completed on a funding line with Aldermore Bank, which will be used to finance its bridging loans. Spring launched its specialist bridging proposition just over a year ago and in that time has built a highly experienced team. The new Aldermore facility sits alongside Spring’s existing facilities […]