BFS Celebrates Financial Services Authority Regulation

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BFS Home Loans, part of Bridging Finance Solutions Group, has been approved by the Financial Services Authority (FSA) for regulated mortgage contracts.

Having recently secured a significant new funding line, the timing is perfect as clients can now benefit from the same great service and market leading rates for both residential and investment property products.

Steve Barber, Managing Director of the Bridging Finance Solutions group of companies, comments, “FSA authorisation has helped formalise much of our existing approach to customer service – we first introduced Key Facts type Illustrations and APR interest calculations for all our clients back in 2007.We view it as a matter of best practice, enabling introducers to make meaningful comparisons of products.

Treating customers fairly has been at the heart of our business from the outset and this is why we are the first choice for many introducers. By providing the regulated product we are able to further our offering to their clients.”

“Many  professional introducers have confirmed that they believe FSA regulation will help them to provide a better service, and more and more borrowers are seeking formal assurances that their loan provider is credible and trustworthy; regulation gives peace of mind by helping them to tick this box. It also opens up a whole new market as we have definitely seen more people turning to short term funding for the purchase of their own homes.”

Authorisation by the FSA has never been harder to achieve and this undoubtedly represents a vote of confidence in the business, infrastructure and management team, providing a springboard for further growth.

Steve adds, “With an increasing market of clients buying property at auction as their principle residence, this authorisation also enables us to further support our Auction partners on national basis.”

Loans, both regulated and non-regulated, are available from £25,000 to £1million on a national basis. Bridging Finance Solutions calculate interest daily, don’t charge exit fees and loans are made against open market value.

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