London-based bridging lender Capital Bridging Finance (CBFL) has announced that it has hired an ex-employee of former short term lender, Tiuta Plc.

City-based CBFL continues to grow its team and has announced the recruitment of Iain McCarrell to strengthen its underwriting team.

Previously with Tiuta, Iain will have responsibilities that will ensure CBFL continues to be a priority choice for brokers in this specialist market.

Commenting on his appointment, Iain said: “I am delighted to be joining a company with ambitious plans and hope my experience will contribute to the efforts of a team committed to making the brokers life much easier in these competitive times.”

Keith Aldridge, Principal at CBFL, added: “We are growing at a rate that demands that we find quality people who are committed to supporting our brokers in the prudent and flexible way that the market demands. With Iain’s appointment we know we have another team member committed to our growth plans. We expect to be making similar announcements in the coming months.”

CBFL provides bespoke bridging loans to private and corporate clients to suit their individual requirements and also to help businesses step up to the next level. It provides fast-track first and second charge lending on residential and commercial investment properties for a maximum term of six months.

The lender made the headlines recently in November when it announced that it had secured a £50 million lending facility from a major high street bank, which Keith Aldridge said was testimony to the bank's belief that CBFL is a company that can deliver to its high standards in a market that is increasing in demand at a rapid rate and although not currently regulated is under the close scrutiny of the FSA. He said: "We are confident of utilising this initial tranche and will be looking to repeat the facility with this same funder as quickly as possible."