Bridging Finance Solutions (BFS) has reported a 60% increase in loan volumes at the end of the first quarter off 2019, marking a steep rise in figures compared to the same period last year.

The bridging provider has seen the majority of growth in the sub-£1m development sector. The increase in development finance case numbers has led the firm to refine its internal processes.

John Hardman (pictured), head of sales at Bridging Finance Solutions, said: “BFS remains committed to a business development strategy which focuses on the key areas of sub-£1m development finance and bridging loans to a UK wide customer base.

“Our customer first ethos and personal approach remains pivotal as we grow and expand, a key differentiator in a busy and competitive market place.

“We have also been consistent in terms of our approach to risk and procedure, something that brokers and clients get huge peace of mind from who recognise us as a safe, consistent and expert lender to collaborate with.”

BFS anticipates further growth for the year ahead and are targeting a 25% increase in overall revenue across 2019.

Hardman added: “This first quarter of 2019 has taken us all by surprise in terms of volume and has marked a fantastic start to the year. Our journey at BFS is now at a stage where we need to ensure we continue to deliver first class results both in terms of service and face to face sales.

“To help us achieve this, we have begun to roll out our recruitment drive through which we aim to make a number of key appointments in our sales and underwriting departments over the coming months.”