Ultimate Finance has seen the average value of its new bridging deals increase by over 20% year-on-year during the first half of 2019.
In the first six months of the year Ultimate Finance provided £15m in bridging loans, taking the total it has lent since the launch of the product in 2016 to nearly £60m.
Josh Levy (pictured), CEO at Ultimate Finance, said: “Over the last six months we have significantly strengthened our offering in the bridging space and will be increasing the size of our team and market presence.
“We continue to build on the success of our bridging offering, supporting our clients and introducers with our flexible approach that recognises the need to execute quickly and efficiently.
“We expect market demand to remain strong and are committed to increasing our funding in line with client need. We’re confident that the second half of the year will be even more successful than the first.”
The figures echo growth across the entire business. Ultimate Finance has reported its strongest first half performance on record having provided £750m to SMEs in 2019 so far.