Hope Capital has reported that its 2021/22 financial year was strongest year in its 10-year history.
The specialist short-term lender has announced total completions from FY 2020/21 to 2021/22 grew by 107% and there was nearly a 50% increase in AIPs, highlighting a rise in conversion rates.
Throughout 2021, Hope Capital launched a number of new products and offerings, including the Refurbishment Range, Discounted Rate Loan and Development Exit Loan.
Jonathan Sealey (pictured), CEO at Hope Capital, said: “This last financial year has been the most successful year for Hope Capital, delivering results well beyond all expectations.
“To achieve this significant milestone during a period of so much uncertainty, given the wider economic climate and the impact the pandemic has had on so many industries, is an unbelievable accomplishment for Hope Capital. Owing to the resilience and hard work of the team, coupled with the excellent service we are renowned for delivering and our innovative product range, we have significantly improved our overall performance.
“Despite the challenges posed by the pandemic, the specialist lending market has continued to stride forward, and we believe that, as even more brokers become aware of the benefits bridging finance can bring, the sector will only continue to grow.”