Spring Finance extends bridging lending to Scotland

Spring Finance has extended its bridging products to include lending in Scotland.

The launch includes a full suite of bridging products and follows the specialist lender’s recent reduction in its bridging rates.

Spring Finance launched in 2011 as a second charge mortgage lender, and entered the bridging finance market in 2022 when it began lending on a first and second charge basis with a mix of regulated and unregulated loans.

Lending in Scotland is one of several enhancements the specialist lender is introducing to the market in the coming months. The plans also follow Spring’s intensive consultation with its key broker partners.

Spring will be supported on the legal side by Allan McKendrick and his team at Wilson McKendrick solicitors, which has a long history of working in the Scottish bridging finance market.

Sales director of bridging at Spring Finance, Jim Baker, said: “We have seen a significant demand for specialist bridging in Scotland and this launch shows how quickly we can respond to the needs of our brokers on both sides of the border. Supporting this key area of the market is a clear demonstration of our ongoing commitment to build a leading proposition in the specialist bridging space.”

Fluent Bridging managing director, John Hardman, added: “We have a fantastic working relationship with all the team at Spring. They have a clear niche that helps support a number of our customers and the expansion into Scotland will definitely create new opportunities for us and Spring as we continue the rapid growth of our business.”

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