FIBA adds specialist lender Onyx Money to panel

The Financial Intermediary and Broker Association (FIBA) has added Onyx Money to its lender panel.

FIBA’s members will now have access to Onyx Money’s full range of products, which includes development finance, bridging loans, and commercial finance.

Its development finance proposition offers loans from £250,000 to more than £10m, with starting rates from 1.25%, and no exit fees.

Martin Reynolds, chairman of FIBA, commented: “We are pleased to welcome Onyx as our latest lender partner, having been very impressed with its highly defined approach to servicing of intermediary business and the way it is keen to engage in solid relationships, ensuring all parties add value to our journey together.

“Onyx understands the development of long-term broker business means engagement with brokers in a way that ensures there can be lasting relationships with a highly defined mutual trust. I’ve seen first-hand its commitment to doing away with unnecessary complications, which should ensure brokers and their clients are in good, safe hands.”

Dan Richards, CEO of Onyx, added: “In an ever-changing economic landscape, it is vital lenders are adaptable and supportive of their clients. The prospect of channelling Onyx’s unique offering through FIBA’s relationship led focus is an enticing one, and we look forward to the long and prosperous relationships that will come as a result”.