The firm will offer intermediaries across the market access to exclusive specialist mortgages from its lender partners as well as help to place specialist cases ranging from bridging, secured loans, commercial buy-to-let and first charge for clients with credit blips on their records.
Jupp is heading the outfit as managing director while Kit Thompson, also formerly of SLS, will be operations director and Bradley Moore, another SLS colleague of Jupp’s, will become sales director.
Brightstar is backed by bridging finance lender Tiuta, national mortgage broker and network, Mortgage Advice Bureau and London-based broker, Coreco. Jupp is also a shareholder.
Jupp said: “Let me be clear on what we want to achieve at Brightstar. The UK needs the return of specialist lending and we intend to do all we can to show lenders the days of casino lending are gone. But, there is still a place for considered, common sense lending inclusive of alternative communities from the one occupied by ultra prime clients.
“Until the point where specialist lending is once again a mass market opportunity we will work closely with brokers to provide assistance and bespoke financial solutions, in what remains an extremely volatile market.”
Andrew Montlake, communications director, Coreco said: “The chance for Coreco to work closely with the leading figure in the specialist finance arena is a fantastic opportunity for us and one we are very excited about. Rob’s professionalism and knowledge has been well known to us for many years and his enthusiasm is highly contagious. We believe this venture will be a highly successful one for all involved and enables us to expand and grow further our specialist lending offering.”
Chief executive of Mortgage Advice Bureau, Peter Brodnicki, added: “The quality of support and service Rob and his team provided to our brokers at SLS was the best we have experienced at MAB, so I am delighted that he has decided to set up Brightstar and happy that we had the opportunity to invest into it. Brightstar will assist our advisors in having the knowledge to win extra sales and therefore to gain extra income.”
And Guy Garrard, head of business development at Tiuta PLC, said: “When Rob approached us to invest in Brightstar we were naturally delighted as we have shared a hugely successful relationship with him hitherto. Specialist distributors remain extremely important to our business and working closely with Rob will give us a better understanding on where new opportunities exist, allowing us to continue to innovate.”
BrightStar is based in Brentwood, Essex.
