CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow West One Loans writes more than £80m of business in Q1
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
West One Loans writes more than £80m of business in Q1 PDF Print E-mail
Wednesday, 01 April 2015

West One Loans completed more than £80m worth of loans in the first quarter of 2015, cementing its position as one of the largest privately funded short-term secured lenders in the UK.

Following on from the latest West One Bridging Index showing that the industry is issuing nearly £50m of short-term finance every week to create an annual gross lending figure of £2.5bn, West One’s own figures show they are contributing a significant percentage of this, with £30m of completions in February alone.

Stephen Wasserman, director of West One Loans, said: “We wrote more than £80m worth of business in the first quarter of this year. It’s a big start to the year and reflects not only our success but also the continued growth of the industry – the market is also now three times bigger than in March 2011 when West One launched the Bridging Index.  

“The reputation of bridging continues to improve and borrowers and introducers alike are more aware of the options on offer.  High street banks still appear reluctant to do their bit to finance the recovery and lenders like West One Loans are picking up the slack.  Meanwhile, the macro-economic picture is favourable and our borrowers continue to be confident in the market’s outlook.  Those factors have combined to create a great environment in which to do business.

“January and March have been good months but February was exceptional.  We’re written a remarkably wide range of loans since the start of the year, from a couple of £30,000 deals at one end of the spectrum to multi-million pound deals at the other.  This goes some way to demonstrating the flexibility of our approach.”

(Source - West One Loans Press Release)

 

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197