BFS confirmed it has secured a new funding line and said the approval will formalise its approach to customer service on its residential and investment property products.
Steve Barber, managing director of the Bridging Finance Solutions group of companies, said: “We first introduced Key Facts type Illustrations and APR interest calculations for all our clients back in 2007. We view it as a matter of best practice, enabling introducers to make meaningful comparisons of products. Treating customers fairly has been at the heart of our business from the outset and this is why we are the first choice for many introducers. By providing the regulated product we are able to further our offering to their clients.”
Barber added as more clients buy property at auction as their principle residence, this authorisation also enables the firm to support our auction partners on a national basis.
The firm lends from £25,000 to £1m on a national basis and said its interest rates are calculated daily, it does not charge exit fees and loans are made against open market value.
