Hope Capital sees sixfold increase in January enquiries
Bridging lender Hope Capital has recorded its best ever January performance, which it attributes to a surge of confidence in the market following December's general election.
"Since the general election at the end of last year, there has been a marked increase in confidence in the market."
Hope Capital saw a sixfold increase in enquiries compared to the same month last year. Average loan value was also up by 20% compared to January 2019.
Additionally, it also almost trebled the number of cases funded compared to the average of the three previous months, with 57% more deals undertaking valuations.
Jonathan Sealey, chief executive officer of 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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Iress
Iress announces major upgrade to Xplan Mortgage platform
Mortgage Rates
Barclays relaunches sub-4% mortgage rate
Lloyds
Lloyds partners with Connells and LMS to launch fully digital homebuying journey
FCA
FCA sued over compensation scheme that 'significantly underestimates harm'
Mortgages
Mortgage affordability at tightest level since 2008: UK Finance
FCA
FCA announces changes to streamline senior managers regime
