Hope Capital has promising start to the year
Bridging lender Hope Capital has started 2020 with its best ever January performance.
Hope Capital saw an increase in enquiries, almost sixfold compared to the same month last year.
Average loan value was also up by 20% compared to January 2019.
It also almost trebled the number of cases funded compared to the average of the three previous months, with 57% more deals undertaking valuations.
Jonathan Sealey (pictured), chief executive officer of Hope Capital, said: “Since the General Election at the end of last year, there has been a marked increase in confidence in the market.
“By constantly striving to make our offering even more competitive, Hope Capital has established itself as a go-to bridging lender in the market.
“That has put us in pole position to benefit from increased demand for short-term finance.
“As well as finding ways to lend on a number of complex deals, our enhanced Hope Seven 5 product has led the way in driving increased volumes.”