Six lenders have joined the specialist property finance panel operated by FIBA and Simplybiz Mortgages, increasing its coverage of bridging, commercial and development funding.
Catalyst Property Finance, Foundation for Intermediaries, Greenfield Bridging, MT Finance, Reward Funding and Together are the latest additions to the panel.
They join 11 lenders that have participated since the proposition was launched in March, giving FIBA and Simplybiz Mortgages members access to funding across bridging, specialist buy-to-let, commercial finance, property investment, development finance and revolving credit facilities.
The expansion is part of an attempt to make it easier for advisers to move into specialist property finance as client requirements extend beyond conventional residential mortgages.
BROADER SPECIALIST LENDER ACCESS
The lender panel sits alongside FIBA’s training and technical support, including the Certified Practitioner in Specialist Property Finance qualification, FIBA Academy and its online Knowledge Hub.
Martin Reynolds (pictured), chair of FIBA and chief executive of Simplybiz Mortgages, says: “The response to the enhanced Specialist Property Finance Panel since it launched earlier this year has demonstrated both the appetite for specialist lending support and the opportunities available to advisers operating in this market.
“By welcoming six additional specialist lenders to the panel, we are further strengthening a proposition that enables advisers to access a broader range of funding solutions for their clients while also benefiting from the education, expertise, and support available through FIBA.”
Nick Parker, sales director at Together, says: “We are delighted to join the Specialist Property Finance Panel and further strengthen our valued partnerships with Simplybiz Mortgages and FIBA.
“At the same time, we’ll bring greater lender choice, specialist expertise, and practical support, all helping to build broker knowledge and confidence in identifying more opportunities to meet the needs of a wider range of clients.
“As a founding contributor to the content within the Certified Practitioner in Specialist Property Finance qualification, Together is proud to support the education that underpins growth in the specialist lending sector.
“On joining this panel, Simplybiz Mortgages and FIBA members will benefit from greater access to our broad range of property finance solutions, backed by the expertise and insight we have developed over more than 50 years.”
FIBA and Simplybiz Mortgages said they intend to make further enhancements to the specialist property finance proposition.
