Short-term lending reached more than £79m across West One’s bridging ranges, with second charge, development finance and specialist BTL products making up the remainder.
This follows the company’s previous 2019 milestones: its largest ever loan in April, reaching £100m in 2019 second charge completions in October, and in November completing its 3,000th second charge case since launching the product in early 2018.
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Danny Waters, CEO at Enra Group — West One Loans’ parent company — said: “In the face of continuing Brexit uncertainty, West One’s credit appetite remains cautious, but by focusing on our distribution relationships and great customer service, we’re continuing to see business come in at record levels.”
According to the West One Loan’s latest Bridging Index, property transactions reached their highest figures in September, indicating a potentially strong Q4.