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Loans Warehouse targets expansion with regulated bridging authorisation

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  • 05/04/2018
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Loans Warehouse targets expansion with regulated bridging authorisation
Loans Warehouse is planning to expand its bridging operation to include regulated activity and has appointed Lee Carling as head of bridging to spearhead the drive.

The master broker, which already has a substantial second charge mortgage, arm has also added two lenders to its panel.

“The plan for the next 12 months is to gain authorisation to carry out regulated bridging activity and this will be the driving force behind our targeted growth,” Loans Warehouse, co-founder and director Matt Tristram (pictured) said.

“I’m personally excited at the plans we have set ourselves for growth in the next twelve months. We already write more than £30m in bridging finance each year but that’s purely on the unregulated side,” he continued.

“Later in the year we plan to launch a new brand specific to bridging and cement our position as one of the finest in the bridging market.”

 

New hire

Carling joins the firm following three years at lender West One Loans and previous experience as part of the original team at lender Dragonfly, now Octopus.

He has already added Octane Capital and Tuscan Capital to the broker’s panel.

“We knew we needed a figure head to take our bridging team to the next level and I believe Lee has what we need to push our team,” Tristram said.

“Lee’s professionalism and skills gained from years within the bridging sector is what attracted us. His knowledge and understanding of the product is as good as anyone I’ve ever worked with,” he added.

Carling said the opportunity arrived at the perfect time for him.

“I’ve worked with Matt over the years and have always been impressed by the quality of work they produce,” he said.

“While still new to the role I am really enjoying it. I have spent the first few weeks understanding the existing business practices and getting to know my new colleagues.”

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