Andy Reid

Oblix Capital reports busiest week of the year in applications




Oblix Capital has experienced its busiest week of the year as it received applications valued at £39.7m.

The specialist lender — which was founded in 2014 — saw a mixture of applications for both bridging and development finance.

Some included a combination of the two products, which enabled clients to avoid doubling up on fees.

“We were delighted to experience our busiest week of the year,” said Andy Reid, director of intermediary and network at Oblix Capital (pictured above).

“It’s a great sign that our creative real estate products are providing solutions for brokers, and that the market appears to be showing signs of recovery after recent uncertainty.

“We have recently made a number of changes to our customer service structure and processes that mean we’re well-placed to provide intermediaries and their clients with the service they expect, and beyond, despite this peak in business.

“Most importantly, I would like to thank all of our supporting brokers, clients and our incredible staff who all play a part in the process.”

Oblix Capital recently revealed further improvements to its refurbishment bridging product and appointed Stuart Sykes as the specialist lender’s new chief operating officer.

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