CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow West One Loans breaks monthly lending record exceeding £45m of business in July
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
West One Loans breaks monthly lending record exceeding £45m of business in July PDF Print E-mail
Tuesday, 04 August 2015

Bridging lender West One Loans has set a new monthly lending record by completing more than £45m of loans in July.

The figure exceeds its previous best figure of £37m set in June and represents a 22% monthly increase in activity.

This follows on from West One’s strong start to the year which saw it write more than £80m of business in Q1 and confirms its status at the forefront of short-term finance providers in the UK.

The short-term finance sector is averaging around £500m on a bi-monthly basis according to the last instalment of the West One Bridging Index, meaning that West One’s total lending figure for July shows it is now accounting for a significant share of short-term lending activity.

Stephen Wasserman, director of West One Loans, said: “July’s prolific figure also shows that the post-election feel-good factor has well and truly kicked in for the bridging sector. There has been a noticeable uptick since the election result as businesses and developers feel more confident about the UK’s economic prospects without the uncertainties that plagued the country at the start of the year.

“We are confident that the bridging sector will enjoy a strong second half of the year and that West One Loans will continue to be a major player and a first port of call for clients seeking bridging loans.   

“Our growth is attributable to a diverse product range and highly competitive rates. Developers and businesses looking to use our products know that they are versatile enough to meet their needs and that this functionality will be backed up by a common sense approach to each individual case that will help to get the deal done. They also know that we cater for all corners of the short-term market from first charges to second charges; and commercial to regulated loans.”

(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