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    Quantum Mortgages Announces Wes Friedel as Head of Bridging Finance

    ByByron Bekker

    Feb 12, 2024
    Quantum Mortgages Announces Wes Friedel as Head of Bridging Finance

    Quantum Mortgages, a buy-to-let lender, has appointed Wes Friedel as their head of bridging finance. This move comes as the company prepares to enter the bridging finance market in the upcoming spring season. Friedel, who previously worked at Impact Lending and played a crucial role in their senior bridging initiatives as head of risk, brings a wealth of industry expertise to his new position.

    Before joining Impact Lending, Friedel served as the head of credit origination at Propfin for a period of three-and-a-half years. In his new role at Quantum Mortgages, Friedel will be responsible for spearheading the development and implementation of their bridging range, which is set to launch by April. The company plans to conduct a pilot scheme in collaboration with a select group of specialist intermediaries and regular introducers known as their disruptor club.

    Quantum Mortgages aims to provide certainty of decision and funding to borrowers in need of bridging finance. Their product suite will include various loan options, such as investment, minor refurbishment, and semi-commercial loans, which will be made available in England, Wales, and Northern Ireland. Most of these loans will also come with a built-in exit strategy through the company’s buy-to-let range.

    Jason Neale, the managing director of Quantum Mortgages, explains that the decision to venture into bridging finance was driven by feedback from their disruptor club members and the growing demand for a more transparent and modern proposition in the market. Friedel expressed excitement about the opportunity to introduce a fresh approach to the industry and praised Quantum Mortgages for their commitment to swift action and innovation.

    With the addition of Wes Friedel to their team and the impending launch of their bridging range, Quantum Mortgages is poised to make significant strides in the buy-to-let lending sector. Borrowers can expect a streamlined and user-friendly process, backed by the expertise and dedication of the Quantum Mortgages team.

    FAQs on Quantum Mortgages’ New Head of Bridging Finance

    1. Who has Quantum Mortgages appointed as their head of bridging finance?
    Quantum Mortgages has appointed Wes Friedel as their head of bridging finance.

    2. What is Friedel’s background?
    Before joining Quantum Mortgages, Friedel worked at Impact Lending as the head of risk where he played a crucial role in their senior bridging initiatives. Prior to that, he served as the head of credit origination at Propfin.

    3. What will Friedel be responsible for in his new role?
    In his new role, Friedel will spearhead the development and implementation of Quantum Mortgages’ bridging range, which is scheduled to launch in April. He will be responsible for creating various loan options, including investment, minor refurbishment, and semi-commercial loans.

    4. How will Quantum Mortgages conduct their pilot scheme?
    Quantum Mortgages plans to conduct a pilot scheme in collaboration with a select group of specialist intermediaries and regular introducers known as their disruptor club.

    5. Where will Quantum Mortgages provide their loan options?
    Quantum Mortgages’ loan options, including bridging finance, will be available in England, Wales, and Northern Ireland.

    6. What is Quantum Mortgages’ goal with their bridging finance?
    Quantum Mortgages aims to provide certainty of decision and funding to borrowers in need of bridging finance. They also plan to offer a built-in exit strategy through their buy-to-let range.

    7. Why did Quantum Mortgages venture into bridging finance?
    The decision to enter the bridging finance market was driven by feedback from their disruptor club members and the increasing demand for a more transparent and modern proposition in the market.

    8. What can borrowers expect from Quantum Mortgages’ bridging finance?
    Borrowers can expect a streamlined and user-friendly process backed by the expertise and dedication of the Quantum Mortgages team.

    Key Terms:
    – Bridging finance: A short-term loan typically used to “bridge” the gap between buying a new property and selling an existing one.
    – Buy-to-let lender: A lender that provides loans specifically for purchasing properties to be rented out.

    Related links:
    Quantum Mortgages Official Website