Signature Property Finance has posted a record first quarter lending figure of £26.6 million.
The privately-owned principal lender completed loans totalling £12.4m in March, making it another record month.
The Q1 figure almost matches the firm’s total for the whole of 2019.
Thomas Howells, Signature’s chief operating officer, said: “For our business to have already surpassed half of our lending total for 2022, a record year for Signature, after only three months says a lot about our offering, but perhaps more about the relationships we are building with our clients.
“Memories of the pandemic are receding, but the hard work our team put in during that period has laid the foundations for the success we are enjoying at present. We focus on delivering on the promises we make at offer and supporting or clients at every step from enquiry to drawdown.
“Our focus at the start of this year was on energising our team, ensuring they have all the tools and resources needed to deliver in line with our expectations. It’s clear this strategy is working and given the three-month performance of Bob Stones in particular, the potential in the team appears massive.
“The emphasis of our service will remain on strengthening personal relationships with our clients, based on trust, transparency and quality of service. New relationship managers will be added to our team in growth areas of the UK, where we see potential to support ambitious developers.
“We are tailoring our service to reflect the changing demands of our clients, working hard to reduce the days taken from indicative terms to drawdown, which will be important as word spreads of our more collaborative approach to getting deals done for brokers and their clients.
“Signature really understands its role in helping brokers and developers unlock the potential in property. With quicker, simpler processes backed by excellent and timely communication, we are confident we can deliver the growth we want in 2023. And £26.6M for Q1 is a very good start.”
