Bridging lender reports over 50% growth
By Tom BelgerBridging Finance Solutions (BFS) has announced growth in turnover of more than 50% during the past financial year and expects more of the same in the year ahead
Section: mobile apps categories
Managing Director Steve Barber said the Wirral-based lender had benefited from a buoyant property market and increased confidence in the bridging sector which had taken the business to the next level.
“We took on new members of the business development team as well as a head of underwriting, which, of course, helped boost resources,” said Steve.
“We also invested in a new internal IT system that has helped us streamline our processes, ensuring applications are managed as quickly as possible to ensure excellent service levels.”
Steve said BFS was also partnering with a growing number of high street lenders to unlock funds.
“Our work with banks, solicitors, brokers and accountants is increasing every day as they become more aware of the various ways bridging can be used and how and where to use it,” said Steve.
“We expect to see more growth for the next 12 months and are anticipating an approximate 40% increase.”
Steve also revealed that BFS is looking to expand its business development and back office teams during the year ahead.
“Whilst many of our customers are repeat business, we’re pleased to see a more varied customer base coming to us both in terms of geography and profile.
“We look forward to developing further with more growth, recruiting and expanding our operation from our head office in Merseyside.”
Keywords: Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, Bridging Finance Solutions, Steve Barber
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/bridging-lender-reports-over-50-growth