First 4 Bridging expands into second charge market

First 4 Bridging has launched its specialist distribution offering into the second charge mortgage market.

The specialist distributor has created a dedicated and experienced second charge division, named First 4 seconds, which has access to an extensive range of providers to meet a variety of introducer enquiries.

The move into the second charge market comes after the firm achieved fully regulated status with the Financial Conduct Authority (FCA).

First 4 Bridging was previously authorised for certain non-mainstream regulated activities, such as bridging loans, development loans and commercial term mortgages, and will remain prominent focal points within the firm’s offering.

First 4 Bridging head of sales Steve Swyny said: “Ever since we began the rigorous authorisation process, we had an eye on the second charge market and have been working hard behind the scenes to ensure we have the right level of knowledge, lender relations and experience within the team to ensure that we can hit the ground running.

“This arm of the business will open the door to an even wider range of alternative lending options to better support the needs of our new and existing intermediary partners. Demand for second charge business is growing and this move represents an important step in our expansion plans.”

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