The Financial Intermediary and Broker Association has appointed short-term bridging firm Ascot Bridging onto its lender panel.

The specialist property finance trade body says Ascot Bridging Finance is a family run and privately-funded bridging lender that offers first charge bridging to purchase and refinance non-owner occupied residential properties with loans from under £40,000.

The firm says it “can consider anything from a simple bridge or refinance to a loan for a heavy refurbishment project”.

Fiba adds that Ascot “has experienced brokers in both the residential and commercial lending space amongst its team, it fully understands the needs and expectations of an intermediary”.

Fiba executive chairman Adam Tyler says: “Ascot Bridging is a forward-thinking business, tuned in to the needs of a wide section of the short term lending market in which our members work.

“Its principals are hugely knowledgeable and have their own experiences working directly with customers which, when allied with their desire to build relationships with advisers and focus to provide the best service for their client, makes Ascot Bridging another very attractive proposition for the members at Fiba.”

Ascot Bridging operations director Kevin Gibson adds: “It is a pleasure for Ascot Bridging Finance to become a member of Fiba.

“Becoming a member of Fiba as a trade association is a milestone for us, as we look to broaden our broker relationships.

“One of our business goals is to be a unique bridging financier offering a transparent, diligent and a fast experience for all of the Fiba members.”