The bridging finance market is subject to rapid change, with new lenders and new products regularly launched. This is why it is important for brokers to have up-to-date knowledge. The Financial Intermediary & Broker Association (FIBA) organised a workshop last week on April 12th 2018 at Watford at which brokers and leading finance lenders met to discuss bridging finance developments. The delegates discussed the latest bridging products available and shared details of real loan application cases. The event demonstrated that lenders want to work closely with brokers. There were several bridging loan deals made at the workshop. Other lenders set up meetings with brokers to discuss the details of new loans. Damien Brice of Assetz Capital who attended the workshop said:
“We spoke to a number of intermediaries about their current live deals, from commercial mortgages to buy-to-let, and we look forward to assisting a large number of them, hot on the heels of the event.”
The FIBA is organising six more events in different UK locations during 2018. The Executive Chairman of the FIBA, Adam Tyler, said:
“Our first workshop was well attended and my thanks to our sponsors, who were delighted with the cases that came into the new live deal room from our attending broker delegates. “The outcome bodes well for our next events in June, where we are expecting even greater attendance as the word gets round that the FIBA regional workshops offer great value to attendees and sponsors.”
