Stuart Law

Assetz Capital posts record quarter

Assetz Capital advanced a record £31m of facilities in June as it enjoyed its best ever quarter by providing over £60m to borrowers.

The announcement came as the peer-to-peer platform looked to further develop its nationwide broker network and support its growing regional relationship director team.

Assetz Capital has successfully funded 350 projects through brokers since its inception in 2014 and hopes to grow this figure to almost 1,000 by the end of 2018.

“While some of our business has come directly from SME businesses, the significance of the broker market is not to be underestimated in their contribution to Assetz Capital’s continued growth and success,” said Stuart Law, CEO of Assetz Capital (pictured above). 

“We see brokers as truly complementary to our direct offering, and as the alternative finance market develops, they will play an even more important role. 

“We would like to thank all of our brokers who have helped us lend around £300m to businesses.”

Assetz Capital hopes to increase its active broker network through a number of ways:

  • Using its network of nationwide regional relationship directors to locally support more brokers
  • Further product and pricing improvements
  • Dedicated staff in head office to provide telephone support on initial enquiries and for progressing transactions to drawdown
  • A series of regional broker events aimed at educating and supporting brokers.

The platform offers commercial, bridging and development finance with the latter alone claimed to have been approximately 4% of the entire development funding provided by all UK banks during June.

“It is great to be supporting UK SMEs and smaller housebuilders to such a level,” added Stuart.

“Our new strategy will provide further support to our existing network of brokers as well as to help new ones make the most out of the multiple opportunities which our competitive finance presents to them. 

“We would love to hear from more brokers looking for [a] flexible and well-priced lending partner.”

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