Hope Capital loan book up 169% over three months
Hope Capital has grown its loan book by 169%, increased its loan size by over 120% and recorded a 260% increase in agreements in principle (AIPs) from March 2021.
The lender has also seen a substantial rise on refurbishment, commercial and land deals, with over a 400% increase across all three property types.
In addition, Hope Capital reported that throughout the last three months, cases on mixed-use property have doubled, and the Seventies Collection for residential property has seen a further 50% increase.
Gary Bailey, managing director of Hope Capital, said: “To realise this many achievements, within a three-month period, is a fabulous accomplishment and it’s a really exciting time for us at Hope Capital.
“We have all worked extremely hard over the last few months to ensure we are delivering the best solutions for brokers and their clients, meeting market demand, whilst continuing to provide an outstanding customer service. All these have enabled us to achieve the records like we have.
“Throughout the last quarter, we have had the opportunity to work with many broker partners and their clients to help them achieve their investment objectives.
“We have also welcomed more talented people to the Hope Capital team and owing to our ongoing success, are still on the lookout.
“The team continues to work incredibly hard, which is why we are confident we can achieve more record results over the next 12 months.
“As we move forward, our focus will be to continue listening to the feedback of our brokers and their clients, on the type of bridging finance products they would like to see available in the market.”