Bridging
BFS posts record month for lending in June
Bridging Finance Solutions (BFS) has increased lending by 85 per cent during the first six months of the year, including its record month for lending in June.
Lending in June was 51 per cent higher than for its previous best over 15 years of lending.
Lee Gilmore, head of business development at BFS (pictured), said: “We have far surpassed our goals and to do it during the pandemic is an amazing achievement.
“Three months in early 2020 were severely impacted by Covid, however, comparing H1 2021 to H1 2019 we still increased lending by 36 per cent.”
“We believe some of the increase has been through a shift in the way we structure deals, with more focus on the headline interest rates, which has undoubtedly attracted more customers,” he said.
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“This performance gives us solid foundations on which to build further still,” Gilmore added.