Managing Director of Promise Solutions, Steve Walker, said: “A Bridging Loan is an increasingly important consideration in addressing a client’s needs, especially where equity in the main residence is limited but additional properties can be brought into play.

“Many brokers don’t realise how a bridge can overcome problems such as credit repair, avoiding repossession or bankruptcy. Buying or raising money on substandard property, or bridging on properties bought below value to get a subsequent remortgage for a higher amount are more commonplace. If good equity is available or there are multiple properties, we want to hear from brokers faced with these challenges and more.”

Head of Sales at Affirmative Finance, Ian Harrison, commented: “We are delighted to be working with Promise. Their secured loan technology and packaging service has a fantastic reputation within the intermediary sector. With the addition of Affirmative’s products to their bridging panel, we expect to see Promise emerge as a leading component in the bridging and packaging market.”

Mr Walker added: “We see the mortgage and IFA intermediary sector as a major growth area for both secured loans and bridging or commercial loans. Intermediaries already control vast distribution and should capitalise as traditional loan specialists withdraw from the market. We are committed to the needs of our direct brokers as well as those, which come through our numerous network relationships and will strive to ensure we have the right products and support in place to help each introducer as their business develops.”