Hope Capital celebrates record number of completions
Bridging lender Hope Capital has started the year on a high and set a firm record by growing its loan book by 221% since February 2020, therefore reaching its highest point since the company was established in 2011.
In February 2021, Hope Capital saw the number of deals completed increase by 360% from February 2020, which is an extraordinary accomplishment considering the current climate.
Additionally, the firm has issued terms on 21% more applications received than last year.
Throughout the lockdown periods, Hope Capital has launched a host of competitive new products which have clearly struck a chord with brokers and borrowers.
This includes the launch of the Seventies Collection, Eighties Collection, Nineties Collection and the Refurbishment Range, which all provide fast, tailored and personal loans for brokers and borrowers.
Hope Capital anticipates further growth as the market recovery continues and new opportunities arise.
Going forward, Hope Capital is planning to welcome new talent to help the business meet the demand for its products and services, with the firm recently appointing Sinead Moynihan as new sales director.
Gary Bailey, managing director of Hope Capital, said:
“This is a huge accomplishment for the Hope Capital team and clearly reflects our commitment and dedication to support brokers and their clients through this uncertain period.
Despite the challenges, we have seen a consistent high level of enquiries and we look forward to continuing to support our clients and partners, while the industry continues to recover following the government’s latest announcement.
We are very proud of what we achieved over the last year and have plans to continue with the momentum by providing new, innovative products and an outstanding customer service to all property investors who are seeking bridging finance as an option going forward.”