Bridgebank Capital reports growth in demand

Published on

The Bridgebank Capital Group has reported almost £35 million of loan advances in the last couple of weeks, primarily as a result of increased activity from its large loans brand, Quantum by Bridgebank Capital. 

Amongst other cases, Quantum by Bridgebank Capital processed six large loan advances through to completion whilst overcoming a number of complexities involved. These cases included lending to offshore entities, bank settlement refinance, lending to foreign nationals and the provision of refurbishment and redevelopment funding, to name a few.

The common thread through all these cases though, was both the experience and wealth of the Applicants, supported by the transparency and quality of information provided, and their appointed professional advisory team.

In addition, Bridgbank is anticipating the run-up to the Christmas period to be extremely busy, with anticipated completions in excess of a further £20 million for the Group.

Carl Graham, sales director said: “As a company, we are delighted with the level and value of deal flow that we are now experiencing. Certainly, since our change of emphasis to target the larger loan sector of the short term lending arena, coupled with a major internal restructure over the summer specifically designed to deal with the level of competency and professionalism required to handle this type of lending, we are seeing an instant return on that investment.

“We look forward to continuing to build on the success of 2015 into the New Year.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

West One reduces residential mortgage rates by up to 30bps and introduces £1,000 cashback remortgage product

Specialist lender West One Loans has implemented a series of rate reductions across its...

Household credit creeps up as lenders point to more optimism… but at a cost

British households are borrowing more – and lenders are increasingly willing to let them...

Newcastle cuts shared ownership rates by up to 55bps

Newcastle for Intermediaries has announced rate reductions of up to 55 basis point s...

Paragon Bank promotes Tim Sweetman to national account role

Paragon Bank has appointed Tim Sweetman as its new mortgages national account manager, marking...

Other news

West One reduces residential mortgage rates by up to 30bps and introduces £1,000 cashback remortgage product

Specialist lender West One Loans has implemented a series of rate reductions across its...

Household credit creeps up as lenders point to more optimism… but at a cost

British households are borrowing more – and lenders are increasingly willing to let them...

Newcastle cuts shared ownership rates by up to 55bps

Newcastle for Intermediaries has announced rate reductions of up to 55 basis point s...