Bridging lender Hope Capital has started 2020 with its best ever January performance.
Hope Capital is well-placed to tap into the surge of confidence in the market that has followed the general election in December. It combines a range of products designed with borrowers’ needs in mind, with quick decision-making and a flexible approach that makes it a go-to lender for borrowers and brokers.
Hope Capital saw a massive increase in enquiries, almost sixfold compared to the same month last year. Average loan value was also up by 20 per cent compared to January 2019.
It also almost trebled the number of cases funded compared to the average of the three previous months, with 57 per cent more deals undertaking valuations.
Jonathan Sealey, pictured, chief executive officer, Hope Capital, commented:
“Since the general election at the end of last year, there has been a marked increase in confidence in the market.
“By constantly striving to make our offering even more competitive, Hope Capital has established itself as a go-to bridging lender in the market. That has put us in pole position to benefit from increased demand for short-term finance.
As well as finding ways to lend on a number of complex deals, our enhanced Hope Seven 5 product has led the way in driving increased volumes.”