The specialist short-term property lender has cited that there has been continued confidence in the market, an increase in applications from new brokers and strong demand in the North and South of England, as well as in Glasgow and Edinburgh.

The figure for November included finance for the site purchase of a 162-bedroom scheme in Newcastle, funding for work on Manchester Hall and purchase funding for a permitted development rights scheme in Sutton Coldfield.

Amicus Property Finance has lent close to £1.5bn of short-term property loans since 2009 as it responds to increasing demand in the South East, Midlands and North of England.

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Keith Aldridge, managing director at Amicus Property Finance (pictured above), said: “This is an indication [that] the market remains buoyant and is a great start to our new financial year. 

“We have seen an increase in the demand for short-term finance across the board and a particular appetite for development and refurbishment projects. 

“The ASTL figures back this up, showing there has been no slowdown in the past 12 months – in fact, the lending figure has risen by 16.1% to £3.2bn. 

“With continued market growth expected in the coming years, the market for specialist short-term finance continues to be a good option where traditional sources are harder to access.

“We build our most successful lending relationships through a collaborative approach with our brokers, solicitors and valuers – it is an approach that continues to deliver results and I am proud to lead the team that continues to deliver record figures for the business.”