F4B members to benefit from InterBay’s specialist portfolio
The specialist lender will bring its extensive portfolio of commercial, semi-commercial, buy-to-let, HMO, refurb and short-term finance products to the panel for F4B’s intermediary partners and introducers to access.
The addition comes after F4B achieved fully regulated status with the FCA, having been previously authorised for certain non-mainstream regulated activities such as bridging and development loans as well as commercial term mortgages.
While these will remain a ‘focal point’ of F4B’s offering, the new regulatory status has allowed the specialist distributor to move into the second charge marketplace and undertake other regulated activities.
Steve Swyny, head of sales at F4B, said there were an increasing number of borrowers who were seeking alternative solutions which didn’t’ fit the ‘tick box mentality’ of many mainstream lenders. This meant the the addition of InterBay was important for its intermediary partners and introducers.
“It’s a real positive to be aligning our expanding business operations with lenders who reflect our common-sense approach to the specialist markets,” he said.
“InterBay Commercial understands the many intricacies attached to specialist lending and considers cases with an open mind, however complex they may be.”
Meanwhile, Darrell Walker, head of sales, second charge and commercial lending at 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.”