Paul Munford, CEO, said Century had seen an increase in demand for larger loans.
“Especially on low leveraged prime property where clients are looking to take advantage of lending opportunities and require immediate funding,” said Paul.
Nick Hilton, Head of Lending, said greater demand and flexible funding had enabled Century to increase its maximum loan size.
“We are already seeing further diversification within the bridging sector to include a huge increase in demand for second charge lending although this will be impacted by the new MCD (Mortgage Credit Directive) legislation post 21st March 2016,” said Nick.
“We look forward to reaching out to many more new clients with a more competitive and varied product range. We aim to combine both our bespoke approach to lending with increased scalability in 2016.”
Paul added: “Century’s biggest selling points are our speed, our funding, and our understanding of complex transactions.
“Our credit team has substantial experience of analysing and executing diverse transactions and have an exceptional knowledge of the current market.”
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