In Q1 2017 lending reached £118.79m, 5.5% lower than Q4 2016 (£125.66m) and down 5.23% from Q1 2016 (£125.35m).
Writing on the business social network Linkedin, Sanders said he left to ‘do something new’ but will enjoy gardening leave ‘for a while’.
Leach worked for Enterprise Finance as a business development manager and has knowledge of second charge lending, bridging finance, commercial mortgages and complex buy-to-let cases.
Rubins called out promotions such as “loans up to 90% LTV”, “interest from 0.5% per month” and “completions in 24 hours” as a sign of an industry which needs to be more transparent.
Finance 4 Business (F4B) has completed a £650k bridging loan with Aspen Bridging in just 4 working days.
Buy-to-let applications were up 14.2%, secured loans by 29.4% and bridging by 31.6% in comparison with Q1 2016.
The developer was an existing customer of Shawbrook Bank with a large property portfolio who needed to repay a development loan of £3m with a high street bank.
Smith has spent six years at Borro, where she focused building the lender’s bridging loan book.