Interbridge Mortgages has officially entered the UK market, aiming to reshape the availability of second charge mortgages. This new lender will cater to homeowners in England, Scotland, and Wales, offering secured loans through a select group of specialist broker partners.

The leadership at Interbridge Mortgages isn’t new to the finance game. The management team is packed with seasoned professionals who have extensive experience in the UK’s second charge mortgage sector. This expertise promises to bring a well-informed, innovative approach to their offerings.

Innovative Lending Solutions

At the core of Interbridge Mortgages’ strategy is the introduction of ‘dynamic pricing’ and a ‘flex’ product range. These initiatives are designed to meet the diverse needs of their clients, offering more personalised and adaptable loan solutions than typically available. This tailored approach highlights their commitment to prioritising customer needs, ensuring that each client finds a fitting financial solution.

Industry Growth and Future Prospects

The entry of Interbridge Mortgages comes at a time when the second charge mortgage sector is experiencing robust growth. Jonny Jones, CEO of Interbridge Mortgages, expressed optimism about the evolving market. He emphasised the importance of customer-centric processes, stating, “The second charge mortgage market continues to evolve at pace, and for lenders operating within this sector it’s all about ensuring that every part of the process enables the customer to come first.”

Recent statistics underscore the sector’s positive trajectory. In the first quarter of 2024, the industry saw a significant increase in new business—14% by value and 8% by volume compared to the same period in 2023. This growth reflects a strong start to the year and bodes well for new entrants like Interbridge Mortgages.