Spring Finance releases first charge products
29 November 2023
Specialist lender Spring Finance (Spring) has announced the release of a range of first charge residential re-mortgage products which are available on a pilot basis. The range mirrors their existing second charge products and caters for customers who require a specialist finance solution.
The development follows a series of product and process improvements that were implemented earlier this year. Spring also hired several key staff to support their service delivery.
Paul Carley, Head of Sales for Mortgages said: “The launch of this product range demonstrates our ability to respond to intermediary feedback and promptly bring a product to market.”
Shelley Stern, Director of Mortgages at Spring added: “We are delighted to launch our first charge range and believe the product serves a customer need in an area of the market that is currently underserved. This latest enhancement to our product range affirms our commitment to growth and continuing support of the industry.”
About Spring Finance
Spring Finance Limited was established in 2011 as a second charge mortgage lender, lending to customers who don’t meet the normal criteria of high street banks and building societies. It is authorised and regulated by the Financial Conduct Authority for regulated mortgage lending and administration and registered with them for Consumer Buy to Let lending. In March 2022, Spring entered the bridging finance market lending on a first and second charge basis with a mixture of regulated and unregulated loans.
Spring’s focus has always been about treating customers as individuals, and not a credit score. Spring understands that people have different financial backgrounds and believes that just because a customer has bespoke requirements does not mean that they should be excluded from obtaining affordable finance. Spring’s personal and efficient service is central to their relationship-based philosophy and approach to lending.