BFS sees 85% increase in lending

Bridging Finance Solutions (BFS) has witnessed an 85% increase in lending in the six months to June 2021 compared to the same period last year, with total lending having surpassed the £100m mark.

June was the lender’s best month ever, which saw a 51% increase on BFS’s previous highest lending month in the firm’s 15-year history.

“It’s really interesting to examine our financial performance and consider growth and the reasons behind it,” said Lee Gilmore, head of business development at BFS (pictured above). 

“Admittedly, three months early in 2020 were severely impacted by Covid, however, if we compare this period to the first half of 2019, we still increased lending by 36%.

“We believe some of the increase we have seen has been through a shift in the way that we structure our deals and have been more focused on the headline interest rates, which has undoubtedly attracted more customers.

“These figures are fantastic and we have far surpassed our goals. 

“To do this during the pandemic is an amazing achievement and gives us solid foundations on which to build further still.”

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