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Hope Capital loan book jumps by a third

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  • 24/04/2018
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Hope Capital loan book jumps by a third
Hope Capital's loan book increased by 30% in the first quarter of 2018, from the previous three months.

 

The bridging specialist reported a surge in completions and enquiries at the start of 2018 and attributed the rapid growth to its low loan rates.

Investment in new staff and premises to support higher volumes of business have also helped, with new processes at the provider reducing the time it takes from enquiry to completion to often under a week, according to Hope.

Chief executive Jonathan Sealey said: “In the middle of last year we surveyed brokers to see what we could do better.

“We listened closely to the feedback and put all those measures in place, focusing on communication, education and collaboration.

“As a result, we started the year with some of the lowest rates we have ever offered and the appointment of key people to help with our expansion plans, with more underwriters to help reduce turnaround times.

“It is clear brokers have noticed what we have done and that this is paying off.  Our deal flow and the number of enquiries we have received so far this year have exceeded all expectations.”

Bridging lenders Oblix Capital and Fiducium also recently reported strong growth in the sector, with expectations of further expansion in 2018.

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