New bridging lender launches at FP Show 2014

New bridging lender launches at FP Show 2014




The highly commended Finance Professional Show celebrated the launch of a brand new short term lender yesterday, where an increased amount of bridging providers also enjoying the expo's atmosphere….

The highly commended Finance Professional Show celebrated the launch of a brand new short term lender yesterday, where an increased amount of bridging providers also enjoying the expo’s atmosphere…

London Bridge Plc was officially launched yesterday at the FP Show as the new wholly owned subsidiary of Atlanta Capital Plc.

Commenting on Yesterday’s launch, Anthony Wall of London Bridge said: "Times change but values don't, and we will retain this family ethos in everything we do”.

"Our family have been in the business for over forty years so we have seen most scenarios. This experience is invaluable when reviewing proposals brought to us by brokers and introducers and enables us to be decisive and process the loans in a very rapid way."

The lender trades in Greater London is already looking to grow its business across the UK. With a head office in Mayfair and an Operations Centre based in The Cotswolds, London Bridge Plc has streamlined access to The Midlands and the rest of the UK.

Short term lender Fairmont Capital also featured at the Expo.  Roni Chotoveli of Fairmont Capital noted that it had seen a lot of applications since its launch and that the interest in bridging is growing. He added that the FP Show illustrated the “positive outlook” of the sector.

In comparison to its debut event, the FP Show was noticed for boasting an additional number of bridging exhibitors.

“There's a lot more Bridgers than last year and it looks like there has been a product explosion this year,” commented Jonathan Rubins of Alternative Bridging Corporation, adding “there seems to be a really broad brush of products.”

Tom Clarke, Regional Development Manager of Shawbrook Bank linked this increase to the change of dynamics within bridging. “It's got a good name to it now and the reputation is improving. Everybody is more focused on standards now - everyone is open to being on the front foot for regulation.”

Alan Margolis of United Trust Bank said: “It is good to see the bridgers as it's a sign that the market is healthy and supports the evidence that the market is vibrant. The FP Show is a good opportunity to meet lots of people all in one day.”

While he mentioned that the organisation of the show contributed to a good turnout for lenders, Neil Molyneux of Masthaven said that the bridging community “is more educated this year than they have been before.”

Development lender Regentsmead managed to gain lots of business at the event, where Ashley Ilsen commented: “It's great to see the industry growing, [it] will increase quality of service and competition. And may it continue!”

“I think there is a great appetite for short term borrowing and a huge appetite for us to satisfy that market,” added Chris Duckworth of Blemain Group.

Doug Hall of 3mc was also pleased about the advance of the market, stating: “the market continues to grow from strength to strength.”

Joshua Elash of MTF said that the event was a hugely successful event yet again. “Congratulations to the organisers who have established the leading finance show in the UK. We will proudly be exhibiting again next year,” he added.

Dave Fathers of Finance 4 Business said that it was “good to see so many familiar faces, there was a great buzz about the place, and a good chance to meet new people. The bridging community seems to be bigger than last year.”

“A great show as always and lovely to catch up with the industry's great and good. A super turnout as always – can't wait for next year,” said Mark Posniak of Dragonfly.

Reflecting on the expo and its industry launch yesterday, London Bridge Plc stated: “The bridging market is a great deal more competitive than it was a year ago.

“We have had a tremendous reaction today to our launch and I think this had been assisted as we title sponsored the show and it reflects the hard work of [Medianett] and the FP Show for putting on a fantastic event. I think it was a very appropriate platform for launch.”

 

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