Record month for West One Loans

The lender handed out more than £79m in short-term bridging loans, with its second charge, development finance and specialist buy to let loans making up the rest.

West One’s completions in the month were worth around £80m.

The lender also highlighted plans to “significantly enhance” its broker portal platform on second charge loans, following on from hitting £100m of completions in October, as well as the strength of its buy-to-let pipeline, with applications and offers worth more than £50m.

Danny Waters (pictured), chief executive officer of the lender’s parent firm Enra Group, said that it was “particularly pleasing” that the performance was driven by its “long-established” products like bridging.

He added: “In the face of continuing Brexit uncertainty West One’s credit appetite remains cautious, but by focusing on our distribution relationships and great customer service we’re continuing to see business come in at record levels.”