Q3 has been confirmed as Hope Capital’s most successful quarter since it was established in 2011.
Hope Capital reported that new funding lines and a larger current portfolio meant that, throughout August, September and October 2023, its loan book increased by 19% compared with Q2, while the total book doubled compared with the same period last year.
Hope Capital also reported its largest balance on further commitments to loans, which could potentially add another 12% to its book.
This record lending quarter followed months after a strong first half, including year-on-year enquiries increasing by 86% and completions growing by 106%.
In line with the announcement, Hope Capital revealed further improvements to its residential offering, dropping rates by 0.06% on its residential product.
Jonathan Sealey, CEO at Hope Capital, said: “What a year 2023 has been for Hope Capital! To be able to say we have achieved two record periods within a number of months is a tremendous accomplishment.
“Our growth has no doubt accelerated due to the strategy we have implemented over the last 12 months, which has focused on ensuring we are delivering reliable, transparent and competitive products to meet market demand, while having the most effective processes in place and a team who have the knowledge and expertise to provide a second-to-none service.”
He continued: “Moving forward, we of course want to continue to grow our success, while also ensure our brokers and borrowers can access competitive options.
“The latest enhancement compliments our recent product overhaul where we streamlined our entire proposition, by providing even more affordability for the borrower.
“Thanks to our continuous product innovation and the continued hard work and support of the team and our partners, the business continues to go from strength to strength.”
