The lender says that over the last four months it has added £50 million to its loan book after completing more than £80 million worth of loans in Q1.
Director of West One Loans, Stephen Wasserman, said that the market is continuing to thrive as high street lenders leave borrowers hanging.
“But while the sector is looking healthy – the industry is issuing nearly £50 million of short-term finance every week at the moment, according to the latest West One Loans Bridging Index – we have also been expanding and taking on a number of new hires to help fuel our growth organically,” said Stephen.
“It’s been a fantastic four months.”
West One’s Bridging Index suggests that annual gross lending now stands at £2.5 billion and the lender has managed to contribute a significant percentage after completing £30 million loans in February alone.
“The momentum of West One Loans, and the industry as a whole, is set to endure for the foreseeable future,” added Stephen.
“The stock of the bridging sector continues to rise and both brokers and borrowers are more alert to the possibilities that our industry has to offer.
“While high street banks are failing to pull their weight, innovative lenders like West One Loans – lenders with a genuine desire to do deals – are doing our bit for the recovery.”
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