The bridging lender saw enquiries increase almost sixfold and the average loan value surge by 20% when compared with the same month last year.
Hope Capital also nearly trebled the number of cases funded compared with the average of the three previous months, with 57% more deals undertaking valuations.
“Since the general election at the end of last year, there has been a marked increase in confidence in the market,” said Jonathan Sealey, chief executive officer at Hope Capital (pictured above).
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“By constantly striving to make our offering even more competitive, Hope Capital has established itself as a go-to bridging lender in the market.
“That has put us in pole position to benefit from increased demand for short-term finance.
“As well as finding ways to lend on a number of complex deals, our enhanced Hope Seven 5 product has led the way in driving increased volumes.”
This product now offers a seven-month term — extended from six months — in addition to a 12-month term, and is available on residential non-regulated property, HMOs, holiday lets and for portfolios of up to three properties.
The bridging lender recently completed a complex £4m loan on a multi-million-pound, four-storey country house.
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