Interbridge Sets Sights on Second Charge Market with Aro Money Partnership

Interbridge Mortgages has entered the second charge mortgage market with its new partnership with Aro Money. This move marks a significant milestone for the company, as it completes its first-ever second-charge mortgage transaction.

Aro Money and Interbridge Mortgages join forces to offer flexible lending solutions.

The partnership aims to provide homeowners with practical options for consolidating debt, funding home improvements, or managing other significant expenses. Secured loans enable homeowners to use the equity in their homes without needing to refinance their primary mortgages.

“We are excited about the potential impact of Interbridge Mortgages on the second charge market. Our goal is to offer flexible lending solutions that meet the evolving needs of customers.” - Simon Martin, Chief Commercial Officer, Interbridge Mortgages

Aro Money Managing Director Richard Sharp adds, “As we look ahead, we are confident that our partnership with Interbridge Mortgages will continue to yield positive results.”

UK Property Market Defies Election Jitters

Despite the looming General Election, the UK property market remains upbeat, according to research from TwentyEA. The number of sold subject to contracts (SSTCs) increased by 9% compared to the same period last year, while the supply of new instructions rose by 3.4%.

The UK property market remains resilient despite election uncertainty.

Across all regions, supply levels were higher than last year, with the five areas showing the most significant increases being [insert regions]. TwentyEA Executive Director Katy Billany comments, “With activity remaining steady despite the upcoming election, the market is looking pretty upbeat and is comparable with 2019, the period prior to the pandemic.”

“There’s a healthy balance in the number of deals being struck compared with the volume of new instructions coming to market.” - Katy Billany, Executive Director, TwentyEA

Keystone Expands Team with New BDM

Keystone Property Finance has appointed Sabiha Moghal as its new Business Development Manager (BDM) for the Midlands. Moghal brings over 10 years of experience in buy-to-let (BTL) and will focus on maintaining existing broker relationships in the Midlands while expanding Keystone’s reach in the area.

Sabiha Moghal joins Keystone Property Finance as new BDM for the Midlands.

In related news, Simon Jones, Keystone’s BDM for London and Essex, will extend his coverage to include Ipswich and Norwich.

“The Midlands is an extremely important region for Keystone, so we’re delighted to welcome someone with such vast experience to look after it.” - Elise Coole, Managing Director, Keystone Property Finance

Moghal adds, “When the opportunity came up to join Keystone, I jumped at the chance. This is a company with exceptional growth and excellent prospects, and I am very excited to get out on the road to showcase how Keystone can help to find a solution for complex buy-to-let cases.”