Specialist packager Positive Lending beat its best month for bridging completions by 40% last month.
Positive attributes the ‘super surge’ in bridging to strong customer demand, a dedicated intermediary marketing campaign and particularly strong product range from its lender panel.
Paul McGonigle , managing director at Positive, said: “October 2015 was our strongest month for bridging loans on record.
“We completed 40% more bridging loans than any other month – we also completed more loans with Precise Mortgages than ever before.
“There are a number of factors that have driven this super surge in transactions; a significant factor is that our bridging lender panel have provided us with a fantastic range of products, some with free valuations, which are proving to be very attractive to intermediaries and their clients
Discussing plans for the future McGonigle added: “October has been a great month but, at Positive, we never rest on our laurels.
“We have just recruited three more CeMAP qualified associates who join the New Business team in November and, following the success of our 360 secured loan sourcing system, we are soon to launch our 360 bridging loan sourcing system.
“Once launched, the new sourcing system will provide intermediaries with a selection of our panel of lenders’ bridging loans and instant, tailored, compliant quotes for their customers. With competitive rates, exclusive products and a market-leading sourcing system, we fully intend to provide the very best service for intermediaries seeking bridging loans.”