Specialist lender Oblix Capital experienced its busiest week of the year last week, with applications valued at £39.7m, despite the current economic uncertainty.
Applications featured a healthy mixture of bridging and development finance – as well as some taking advantage of their ability to wrap between the two products without doubling up on fees.
Andy Reid, pictured, Director – Intermediary and Network, Oblix Capital, commented:
“We were delighted to experience our busiest week of the year. It’s a great sign that our creative real estate products are providing solutions for brokers, and that the market appears to be showing signs of recovery after recent uncertainty.
“We have recently made a number of changes to our customer service structure and processes that mean we’re well-placed to provide intermediaries and their clients with the service they expect, and beyond, despite this peak in business. Most importantly I would like to thank all of our supporting brokers, clients and our incredible staff who all play a part in the process.”