Pitch 4 Finance

Pitch 4 Finance breaks through £65m of enquiries in two weeks

Pitch 4 Finance has received £66.8m worth of enquiries in its first two weeks since launching to brokers.

Data from the platform shows that 40% of applications for lending on property were for new purchases, while 60% were for refinance.

Nearly half of all applications (48%) were for lending on commercial property, 36% for residential property, 8% for HMOs and 8% for semi-commercial assets.

Dan Scott, director at Pitch 4 Finance (pictured above), said that the high demand the platform had seen provided a “snapshot of the commercial lending landscape”.

“One of the most significant trends we have seen is that there are fewer lending options for commercial and retail applications than those secured on residential property,” he added.

“This is unsurprising in the current environment, and it’s even less surprising that there are fewer options available for the hotel and hospitality sector. 

“As the platform grows and gathers more data, we look forward to being able to share even richer insights in the future.”

Pitch 4 Finance officially launched on 12th April to brokers to help them source solutions for their clients in bridging, property development, commercial term loans and complex BTL.

The platform instantly matches cases with a panel of almost 200 lenders on the basis of criteria, and enables finance providers to pitch for cases by offering terms through the system.

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