This comes as the short-term finance lender remained working at full capacity throughout the 24 months of the pandemic restrictions.

According to Tony Gilbertson, CEO at Signature Property Finance, achieving the milestone is testament to the strength and resilience of its team and its in-house legal division.

“Good news has been rare in the property sector in recent times, but this lending figure shows the market is robust and returning to some semblance of normality.

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“Having supported developers with £100m in funding since I formally took the reins in 2019, to deliver another £100m in under three years while facing the challenge of the pandemic, construction sector labour and supply shortages says a lot about the team we have developed here at Signature.  

“A good geographic spread, with experienced relationship managers possessing good knowledge of local markets, ensures our service remains a personal one built on trust and our commitment to deliver on the terms first agreed.

“The pandemic threw up a number of challenges, but we honoured and completed on all our funding offers, and faced a lot of last-minute deals that had to be delivered in record time to ensure deadlines were hit.

“We help brokers and developers unlock the potential in property, introducing innovative new products that simplify the process of securing the funding they need, whether it’s £100,000 to convert and refurbish or £1.5m to buy and develop — it’s a winning formula and this £200m target proves it.”