West One grows loan book to £200m

Sarah Davidson

May 5, 2015

The lender added £50m to its book in the last four months, while it completed £30m worth of deals in February alone.

Stephen Wasserman, its director, said: “The market is continuing to thrive as high street lenders leave borrowers hanging.

“But while the sector is looking healthy – the industry is issuing nearly £50m of short-term finance every week at the moment

We have also been expanding and taking on a number of new hires to help fuel our growth organically. It’s been a fantastic four months.”

Last month West One’s Bridging Index found that for the bridging industry as a whole annual lending has reached £2.5bn.

Wasserman added: “The stock of the bridging sector continues to rise and both brokers and borrowers are more alert to the possibilities that our industry has to offer.”

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