FIBA + Connect for Intermediaries

FIBA and Connect for Intermediaries add new panel members



674_2021-10-11-04-51-54pm.gif
FIBA and Connect for Intermediaries have made new additions to their lender panels.

FIBA

FIBA has added TFG Capital to its lender panel.

The trade body’s members will now have access to TFG Capital’s full proposition for all types of property investors that require commercial or residential property finance, including BTL portfolios and HMO assets. 

The lender can also help with cashflow and debt consolidation loans when on or off-balance sheet property is available as security.

With an objective to tackle the funding gap, TFG has already provided over £150m to its clients since its inception in August 2014 and continues to support businesses across the UK with bridging loans and short-term business loans.

Adam Tyler, executive chairman at FIBA, said: “I am absolutely delighted that TFG Capital has taken the decision to join FIBA at this moment in time. 

“As a lender, it is showing strong confidence in our membership, and I am really looking forward to enhancing our relationship in the years to come.”

James Mortimore, founder of TFG Capital, added: “I very pleased to be joining FIBA as a lender and funder partner. 

“We know that our offering of flexible and competitive terms, with a straightforward approach and ability to work to tight timescales, provides a level of comfort and certainty that that will align with the aims of FIBA members and their funding requirements.”

Connect for Intermediaries

Connect for Intermediaries has welcomed Offa to its Connect Mortgages panel as an exclusive provider of Shariah-compliant short-term finance.

Connect Mortgages’ members will now have access to Offa’s range of residential bridging and commercial repair-to-let finance products for both Muslim and non-Muslim clients.

Bilal Ahmed, founding partner of Offa, commented: “We are delighted to join the Connect Mortgages Panel, which will enable us to reach a wider broker audience with our range of Shariah-compliant short-term finance products. 

“Islamic finance works differently to conventional banking and is regarded as ethical by those who use it. 

“There is a significant, untapped market of Muslim and non-Muslim investors looking for alternative, ethical finance that is consistent with Islamic principles.  

“Brokers who can accommodate them will benefit from a strong new revenue channel with considerable long-term potential.

“While Offa accepts finance applications direct, the broker channel is integral to our proposition, and we are keen to speak to intermediaries who want to add Shariah-compliant bridging finance to their propositions.”

Kevin Thomson, sales director at Connect Mortgages, added: “I am delighted to welcome Offa to our lender panel. 

“[It] enables our ARs to support the growing demand from customers requiring Shariah-compliant funding.”

Leave a comment