Bridging lender Hope Capital has enjoyed a bumper summer, with figures released by the firm today showing a surge in demand as the market emerges from lockdown.
From June to August 2020, Hope Capital has seen the number of loans drawn treble compared with the same period last year.
New cases have more than doubled, rising by 128% on 2019, and there has been a 40% increase in residential completions.
In the post-lockdown period, Hope Capital has launched a range of competitive new products that have struck a chord with brokers and borrowers.
The Hope Capital Custom Collection, which comprises six products, features and options, and most recently the Seventies Collection have all been launched since the end of lockdown. The new products are all aimed at giving borrowers maximum flexibility and control, and the popularity of the new range has driven record levels of demand for Hope Capital.
Hope Capital anticipates further growth as the market recovery continues and new opportunities open up. As a result, it is looking to expand its team in all areas of the business.
The firm’s growth plans have already seen Hope Capital make a number of new appointments, and managing director Gary Bailey says his door is always open to talented applicants: “This is an exciting time for Hope Capital. As soon as lockdown restrictions were lifted, we began to see unprecedented levels of demand.
“Our innovative products are putting borrowers in a position to realise their ambitions, and with our well-earned reputation for fast, flexible service, Hope Capital is the first port of call for many brokers.
“We’ve got ambitious plans to build on that success further, and we are always looking for experienced and enthusiastic people to join us on that journey.”