The new second charge lender will provide secured loans in England, Scotland and Wales through a panel of specialist broker partners.

The lender’s management team includes those who have previously worked within the UK second charge mortgage market.

It aims to provide ‘dynamic pricing’ and a ‘flex’ product range for customers who need a more tailored solution.

Jonny Jones, CEO at Interbridge Mortgages, commented: “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.”

Earlier this week, it was reported that the second charge mortgage sector has enjoyed a strong start to the year, with new business continuing to grow.

In the first quarter of 2024, new business increased 14% by value and 8% by volume when compared to the first three months of 2023.