Decade of excellence marked by record year for Hope Capital
Hope Capital has revealed that the 2021/22 Financial Year marked its strongest year in its 10-year history.
The specialist short-term lender has announced total completions from FY 2020/21 to 2021/22 grew by 107% and there was nearly a 50% increase in AIPs, showing there was a significant increase in conversion rates.
Throughout 2021, Hope Capital launched a number of highly competitive products and offerings, including the Refurbishment Range, Discounted Rate Loan, Development Exit Loan and others.
Jonathan Sealey, CEO at Hope Capital, said:
“This last financial year has been the most successful year for Hope Capital, delivering results well beyond all expectations.
To achieve this significant milestone during a period of so much uncertainty, given the wider economic climate and the impact the pandemic has had on so many industries, is an unbelievable accomplishment for Hope Capital.
Owing to the resilience and hard work of the team, coupled with the excellent service we are renowned for delivering and our innovative product range, we have significantly improved our overall performance.
Despite the challenges posed by the pandemic, the specialist lending market has continued to stride forward, and we believe that, as even more brokers become aware of the benefits bridging finance can bring, the sector will only continue to grow.”
To ensure the firm was in the best position to meet business demand volumes in the last 12 months, Hope Capital also grew its team, with the appointment of 11 new starters joining the firm across all parts of the business.
Jonathan Sealey, concluded:
“Looking ahead, we are planning to propel this success even further, which we feel confident we will achieve by continuing to launch innovative products, as well as focus on our long-term recruitment strategy.”