Bridging
BFS on course for £25m lending in 2019
Bridging Finance Solutions (BFS) has revealed ambitions to grow at 25 per cent year-on-year for the next five years.
The lender told Specialist Lending Solutions it was aiming for, and on target for, £25m of new loan completions in 2019.
Earlier this month it announced a 31 per cent increase in sales for the second quarter of 2019 compared to the same period last year, having completed four straight years of 25 per cent year-on-year growth.
As part of its plans the lender said it would continue to rely on retaining “personal and localised relationships” with its brokers.
The Merseyside-based firm will maintain its focus predominantly on the Northern market, sub £1m loans and the development finance sector.
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BFS head of sales John Hardman said: “Our operation and external profile has undoubtedly been built around our people, and in a sector that can often appear faceless and centred around figures and interest rates, that is incredibly important to us.
“I recognise the importance of owning an identity as a lender, an approach or set of behaviours that set you aside from the rest.
“I firmly believe my team has that and our historic results show that to be true. The key is maintaining that high level of consistency and delivery to ensure we are a lender of choice for many brokers.”