Interbridge Mortgages Enters UK Lending Market
Interbridge Mortgages has officially entered the UK lending market, providing secured loans in England, Scotland, and Wales through a panel of specialist broker partners. The lender’s management team consists of experienced professionals who have previously worked within the UK second charge mortgage market.
“The second charge mortgage market continues to evolve at pace, and for lenders operating within this sector it’s all about ensuring that every part of the process enables the customer to come first.” - Jonny Jones, CEO at Interbridge Mortgages
The new lender aims to provide “dynamic pricing” and a “flex” product range for customers who need a more tailored solution.
Mortgage applications on the rise
The second charge mortgage sector has enjoyed a strong start to the year, with new business continuing to grow. In the first quarter of 2024, new business increased 14% by value and 8% by volume when compared to the first three months of 2023.
Growth in the second charge mortgage sector
Interbridge Mortgages’ entry into the market is expected to bring more competition and innovation to the industry. With its experienced management team and customer-centric approach, the lender is poised to make a significant impact in the UK lending market.
Mortgage brokers play a crucial role in the lending process
As the second charge mortgage market continues to evolve, lenders like Interbridge Mortgages are focusing on providing tailored solutions to meet the unique needs of their customers. With the sector expected to continue growing, it will be interesting to see how Interbridge Mortgages and other lenders adapt to the changing landscape.
