Wallasey-based BFS provides fast, short-term finance to property developers, company owners, entrepreneurs – anyone who needs quick finance that can be secured on property. Tony McDonough reports.
Specialist Merseyside business lender Bridging Finance Solutions (BFS) is to expand into Yorkshire and the Midlands and is on track to double the amount it lends this year to £50m.
Wallasey-based BFS provides fast, short-term finance to property developers, company owners, entrepreneurs – anyone who needs quick finance that can be secured on property.
Its service is particularly useful for investors buying properties at auction.
The firm has been established for more than 10 years and is one of the leading businesses of its kind in the North and one of only a handful too secure FCA accreditation.
Managing director Steve Barber told YBNews: “We’ve really consolidated our presence in the North West and the next natural step for us is Yorkshire and the Midlands.
“We have always done business there but recognise the huge scope and potential of the regions.
“We knew that we wanted to open regional offices but it was really important to get that right people. Now with managers in place for both areas, we are incredibly excited to make this shift.”
Mr Barber added that BFS has grown significantly in the past three years as the UK property sector has final shaken off the effects of the economy crash.
“People are now looking to property once again as a great investment or an opportunity to make fast money and whilst high street lending can still be challenging, bridging can often be the key that unlocks potential deals.
“We’re working increasingly with mainstream lenders, professional practices including solicitors, brokers and accountants who are increasingly turning to bridging as a short term finance solution that can essentially unlock a deal.”