What appealed to you about the bridging market when you set up four years ago?
Previously I had worked for a property developer and a venture capital firm. This gave me the impetus to start up Hope Capital merging the two skilled disciplines I had developed throughout my working life: property and investment.
How much do you think the reputation of bridging has improved over the years? Does more need to be done?
I think the reputation has improved dramatically. New and innovative entrants into the market, like Hope Capital, have helped drive expectations in the market and improve service standards. I think more can always be done, but we are certainly heading in the right direction. Education is key.
How much growth do you expect to see in bridging next year?
I expect the market to continue in an upwards trajectory. It’s hard to quantify the various figures bandied around within the industry, defining how big it currently is and how big it is expected to be. However, Hope Capital has a very ambitious growth plan for 2016 and beyond.
Will MCD have an impact? (I.e. will unregulated bridging become more appealing to borrowers when second charges are fully regulated etc).
I think it will have an impact to an extent, yes. However, until it is fully implemented, it’s hard to tell whether this will be to the advantage or detriment of borrowers.
What has been the highlight of 2015 for you?
There have been many, but to see how Hope Capital has grown and matured as a company for all to see this year has been a personal favourite.
What are you plans for Hope Capital in 2016?
Again we have ambitious plans for further growth of the team, infrastructure, product range and loan book. Basically the same as 2015, but on a much bigger scale.