Short-term property finance provider, Signature Property Finance has reached another growth milestone, after hitting the £200m lending target, just as the final pandemic restrictions were lifted across the UK.
This figure demonstrates the strength and resilience of the business, as it remained working at full capacity throughout the 24 months of pandemic restrictions to ensure brokers and their property developer clients could access the funds they needed.
Signature CEO Tony Gilbertson said of the achievement: “Good news has been rare in the property sector in recent times, but this lending figure shows the market is robust and returning to some semblance of normality.
“Having supported developers with £100M in funding since I formally took the reins in 2019, to deliver another £100m in under three years, whilst facing the challenge of the pandemic, construction sector labour and supply shortages says a lot about the team we have developed here at Signature.
“A good geographic spread, with experienced relationship managers possessing good knowledge of local markets, ensures our service remains a personal one built on trust and our commitment to deliver on the terms first agreed – no sting in the tail.
“The pandemic threw up a number of challenges and with some lenders changing their terms or pulling the funding at the last minute, we honoured and completed on all our funding offers and faced a lot of last-minute deals from other lenders that had to be delivered in record time to ensure deadlines were hit.
“Our team pulled together and we were able to complete when other lenders fell away, with our in-house legal team a major factor in our ability to deliver deals quickly. It has enhanced our reputation for making life simple for brokers, whilst adding to the total loaned during the last 12 months.
“Success in part comes from our willingness to visit sites and discuss a developer’s vision for a property, recognising that sometimes it’s the only way to get a real understanding of a development, whilst showing the level of support we offer our clients.
“We help brokers and developers unlock the potential in property, introducing innovative new products that simplify the process of securing the funding they need, whether it’s £100K to convert and refurbish or £1.5M to buy and develop. It’s a winning formula and this £200M target proves it.”
