Fiduciam, the short to medium term lender, has announced a key hire which has enabled it to expand its lending activities in the north of England and open a new office in Manchester.

The company has hired Chris Parr to head up its new northern office. Parr has worked in bridge lending for over 12 years, having worked at both Precise Mortgages and Masthaven prior to working at Tuscan Capital, which he now leaves to join Fiduciam.

Fiduciam is also looking to expand the office by hiring a number of case managers in Manchester as part of its 2019 hiring programme. Fiduciam announced plans back in January to make 25 new hires this year and double its lending to £250million of new loans. So far this year it has already hired 12 new staff, based in its London office and is now looking to expand this to other geographic regions.

Clint White, head of property lending at Fiduciam comments, “Fiduciam already does a large part of its UK business in the north of England and therefore it makes sense to have a local presence in Manchester from where we can better provide this service. In Chris Parr we have a really high calibre person who can drive our Manchester office and help us to achieve our ambitious plans.”

“As we intend to double our UK loan book this year and the London real estate market remains subdued, our Manchester office is an important investment and a positive step forward for us, enabling us to better meet the demand that we know is there.”

This is the second new office opening that Fiduciam has made this year having opened a new international office in Frankfurt, Germany just two months ago in March.