Development finance demand sparks 300% growth at Positive Commercial
Specialist commercial broker, Positive Commercial Finance, has announced an increase in turnover of more than 300% in H1 compared to the first half of 2017.
"There has never been a better time for developers to take advantage of the abundance of funding options out there"
Positive says its current turnover this year has already eclipsed the figure for the whole of 2017.
Development finance facilities contributed to the majority of fee income, with over £75m worth of development loans completed in June alone.
John Waddicker, Director, said: “We are delighted to be in such a great position to help bring some prominent property development schemes to fruition, and in being able to assist a truly diverse selection of SME developers to fund their projects.
"There has never been a better time for developers to take advantage of the abundance of funding options out there, as appetite from our panel of lenders is unprecedented.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
