FSA approval for Bridging Finance Solutions

WIRRAL short term lender Bridging Finance Solutions Group has achieved Financial Services Authority approval to offer mortgages.

The Wallasey company, which has recently agreed a “significant new funding line, believes the regulatory approval will be a stepping stone for further growth.

Managing director Steve Barber said: “With an increasing market of clients buying property at auction as their principle residence, this authorisation enables us to further support our auction partners on national basis.

“FSA authorisation has helped formalise much of our existing approach to customer service.

“We view it as a matter of best practice, enabling introducers to make meaningful comparisons of products.By providing the regulated product we are able to further our offering to their clients.”

BFS offers short-term funding from £25,000 to £1m. It focuses on Merseyside, North Wales, Lancashire and Yorkshire.