Hope Capital has announced that the first half of 2023-24 was its most successful period to date. During these six months, enquiries increased by 86%, applications by 101%, and completions grew by 106% compared to the same period last year.
The lender saw a specific increase in loans in June for various purposes, such as residential investment property acquisitions, semi-commercial and commercial property purchases, auction completions, business cash flow needs, refurbishments, conversions, and development exits.
Jonathan Sealey (pictured), CEO at Hope Capital, said: “This is an unbelievable achievement for the Hope Capital team. Throughout the last six months, we pulled out all the stops to keep up with the surge of business which has been coming through the door.”
Hope Capital has been making various enhancements to its product range recently, including cutting rates on all deals over £1m, offering 80% LTV on medium & heavy refurbishment projects, and introducing new products such as Bridge 2 Let and Term 2 Rent.
Sealey continued: “We have made the decision not to remove any of our products from the market, and instead focus on what else we can offer to help brokers and their clients. I am sure that we will continue to see rapid expansion throughout the rest of the year and I look forward to the road ahead.”
In line with its strong growth, Hope Capital has also been able to make various changes within its team. This includes 10% of its team being promoted, 10% developing their careers and moving to other areas of the business, and nine new roles being created to support the overall team infrastructure.
