Interbridge Mortgages, a leading provider of second charge mortgages, is pleased to announce the addition of a new senior warehouse facility of up to £300m from Citi. This builds on the company’s momentum and expands its capacity to support customers during its period of strong sustained growth.
Interbridge Mortgages was advised by SpecFin Capital on this transaction. The additional funding line is designed to complement Interbridge Mortgage’s long-standing funding relationship, which continues to serve as a cornerstone of the company’s success. The new facility enhances overall flexibility, allowing Interbridge Mortgages to meet increasing demand, broaden its product capabilities, and strengthen its ability to scale profitably.
“This new funding supports our long-term vision,” said Jonny Jones, CEO of Interbridge Mortgages. “We have worked closely with our existing funding partner to build a robust, trusted business, and adding this new facility from Citi gives us greater optionality. Successful completion of the facility demonstrates the market’s belief in our growth trajectory.”
The expanded funding capacity arrives at a pivotal moment, as Interbridge Mortgages continues to experience record origination volumes, and the second charge market itself continues to grow.
As Jonny Jones comments, “Brokers and their customers are increasingly realising the benefits of a second charge mortgage, and, with our 4.9 Trustpilot rating, we’re perfectly placed to ensure the customer receives the best possible outcome”.
Kandarp Rawal, Managing Director of SpecFin Capital, commented “We are pleased to have advised Interbridge Mortgages on this important strategic milestone. The new facility reflects the evolution of their funding strategy to include balance sheet funding, which is expected to create long-term value and enable potential access to public capital markets in the future. The strong level of investor engagement in the process highlights the depth and quality of the Interbridge team as a leading originator of second charge mortgages. Alongside the Interbridge team, we are very pleased with the outcome and look forward to supporting the platform’s next phase of growth.”
