BFS joins Private Finance's lender panel

Brokerage firm Private Finance has added Bridging Finance Solutions (BFS) to its lending panel.

The short-term lending specialist will join a handful of funding providers to offer bridging and development finance loans.

Steve Allen, senior business development manager at BFS (pictured above), said: “I’m really pleased to see BFS become part of the Private Finance panel. 

“It is a large whole-of-market brokerage that has successfully negotiated billions of pounds of mortgages. 

“This partnership marks an important step in the ongoing growth and expansion of BFS and we look forward to working closely with them in the coming months and years.”

Shaun Church, director at Private Finance, commented: “At Private Finance, we are selective about the lenders we work with and endeavour to handpick these to ensure our clients are well serviced. 

“We had an existing relationship with Steve Allen who recently joined BFS and we very much like the way BFS work and the ability to speak to decision-makers quickly and effectively on behalf of our clients.  

“We believe this will mark the beginning of a very strong and mutually beneficial relationship that will ultimately strengthen the product offering to our customers.

“We continue to experience a significant uptake in the number of bridging and development loans that we are arranging; we believe this is due to the high levels of demand in the market brought on by the pandemic and SDLT holiday, meaning clients want to move extremely quickly, seeking alternative solutions to make this possible. 

“Moreover, the low interest rate environment and low returns on offer for savers means we have been seeing our clients looking to be more active with their funds. 

“Now clients have seen the benefits of this type of finance, we suspect it is very much going to be a growth area.”

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