The lender turned over £22 million in loans during 2014 and in Q1 of this year it has managed to turnover £12 million in loans.
Managing Director of Bridging Finance Solutions, Steve Barber, said this is a huge leap in loan completion in comparison to last year but he still sees the company growing to another level.
“Individuals and businesses are returning to the property market after a real lull during recession, we are also seeing a new breed of clients who are looking to become involved in property as an alternative approach to a traditional pension, a bolt on to mainstream employment or as a new venture,” said Steve.
“In the past eight months we’ve taken on two new business developments mangers, both of whom have a strong finance background and are certainly opening new doors for us. Our estimate figures of £44million loans are perhaps slightly conservative, and if the trend that we are seeing continues, we may see a higher figure realised still before the end of the year.”
Bridging Finance Solutions also revealed that they have seen a steep upturn in enquiries following the Easter break.
This period has been the busiest for the lender as enquiries compared to the week prior to Easter double as potential customers across the country are eyeing residential and commercial projects.
“Whilst 2015 has seen lots of enquiries and deals completed, we’ve been astounded by the level of interest post Easter,” added Steve.
“Undoubtedly, time away from the work place offering space to reflect and plan has translated into speculative property deals with many turning to bridging finance to support their plans.
“The change in season as we enter Spring traditionally sees more enquires but this added with the break, a general returning confidence in the property market and the recognition of bridging finance as a viable mainstream finance solution have collectively culminated in a real burst of interest.”
According to the lender, Bridging Finance Solutions is one of only two FCA regulated bridging companies in the North West.
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