Toorak Capital Partners limits some loan sellers volumes

Toorak Capital Partners, a major fund provider for bridging finance lenders in the UK, has limited funding for some of its loan sellers.

Toorak said that it had made the decision in light of increased demand from its partners.

The move comes at a time when numerous mainstream lenders have withdrawn from the market to address service levels.

With the UK currently seeing rapidly increasing interest rates there has been a race by borrowers to lock in the best rate in advance of further increases.

A spokesperson for Toorak said: “Toorak Capital Partners continues to actively fund UK loans every week.

“In fact, we have been funding loans at a much higher rate in 2022 than in 2021, including a year-over-year increase of more than 40% in July.

“In certain circumstances, however, this significant increase in demand from our partners has required us to limit funding volumes for individual loan sellers.”

Individual lenders impacted by this limit have not been identified.

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