Sue Cox, Head of Intermediary Sales at Beacon Mortgage Packaging, said: “Affirmative is one of the few bridgers that have remained committed to the intermediary market, so we are delighted to be partnering with them. They are keen to lend and Beacon Mortgage Packaging is keen to explore the potential of the bridging market. There is a lot of untapped demand for short-term finance, which can now meet a massive range of needs – from paying a VAT bill and successfully bidding at auction, to making the most of a limited-window buying opportunity, or providing a revolving credit facility.”
Roger Morris of Affirmative Finance said: “Affirmative has always been a prudent bridging lender, needing to see a clear ‘exit’ strategy with every application. This has meant that, unlike some bridgers, we have not got a large open-ended book consisting of many individuals with no exit strategy. We may well be the only bridger with clear funds and an appetite to lend, so are well placed to meet the needs of Beacon Mortgage Packaging’s intermediaries.”
