Stephen Brennan heads up new bridging lender

ActivTrades PLC has announced its launch into bridging lending with rates starting from 0.49% per month.

The new lender is headed up by Stephen Brennan, director of credit at ActivTrades (pictured above), who previously worked at specialist lenders Masthaven and Credit & Mercantile.

Using its own funds, ActivTrades will offer unregulated bridging loans starting from 0.49% per month to UK-based residential and commercial property investors.

Providing loan sizes from £250,000-5m, with terms for up to 18 months, it will also offer the option for longer-term interest-only solutions in certain cases.

ActivTrades will offer procurement fees of up to 2%.

“This is an exciting new avenue for ActivTrades and the offering is one we believe will be very attractive to brokers,” said Stephen.

“We know the market and fully understand the need for efficiency at every level.

“For this reason, we have decided to adopt a traditional approach with our bridging loans while providing a real-time solution to the funding gap that has emerged in response to increased regulation for banks.

“We are ensuring that consistency and reliability is at the core of our offering and we are only working with regulated brokers who also share this sentiment.”

The lender has been born out of independent broker ActivTrades, which has operated for almost 20 years.

“It is with that success, experience and funding behind us that we enter this new market with confidence,” Stephen added.

Alex Pusco, founder and CEO at ActivTrades, said: “Since its launch, ActivTrades has grown into a respected financial broker with clients across the globe.

“Our commitment to our core business remains and we look forward to providing continued exemplary service for ActivTrades customers who trade our financial products around the world.

“With the launch of our bridging loans offering, we look forward to entering a new market to provide financial property solutions.

“We have a great product and a first-class team to help deliver it.

“It is an exciting move for the company.”

ActivTrades will be marketing its bridging product towards FCA-regulated brokers.

More information on ActivTrades’ offering can be found on its website or by emailing [email protected] or calling 0207 650 0525.

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