Signature Private Finance

Short-term property finance lender provides £6.1m during April

Signature Private Finance is celebrating one of its busiest months after loans totalling £6.1m were drawn down in April.

The short-term property finance lender provided loans ranging from £160,000-2.3m, supporting projects across the country.

Tony Gilbertson, CEO at Signature (pictured above), felt its low rates, high LTVs, quick decision process and service levels were attracting attention in a crowded marketplace.

“Although not traditionally our busiest month, thanks to the efforts of our BDMs, not only are we receiving more deals to consider, but increasing the number we take through to a successful completion.

“It is gratifying to attract new clients looking for our particular brand of short-term property finance, but while we work hard to ensure there is a greater awareness of our strengths in the market, it is returning clients that help convince us we are pursuing the right strategy.”

Signature offers a range of flexible finance products, including residential and commercial bridging, light and heavy refurbishment, revolving trading facility and auction finance.

Tony felt that there had been a definite shift in the short-term lending market in recent months, with more of its loans being used for major refurbishment projects.

“It is clear that developers are seeking properties they can buy cheap and add real value to.

“Included in April’s figures was a major £450,000 refurbishment project being undertaken by an existing, long-term client.

“Given our pipeline contains many similar deals under consideration and awaiting valuations, I feel this is a trend we can expect to gain more traction in the coming months.”

Leave a comment