Property lender reports £37m record year
Signature Property Finance, the Birmingham-based property finance provider, has recorded its best-ever figures for a calendar year, lending just over £37m for 2020 – an increase of more than a third over the figure for 2019.
The firm has reported a “significant” jump of 72% in the number of completed deals at 138.
Signature CEO Tony Gilbertson said: “We decided from the outset that it was important to support the work of our existing clients, brokers and developers, to get their deals completed, rather than look for new business from those let down elsewhere.
“By continuing to do what we say we will do and lend on the terms first agreed, with no nasty surprises for our clients when the deadline draws near, we managed to provide brokers with the certainty of funding they needed in troubled times.
“This year promises more of the same, despite the arrival of the vaccines. There will undoubtedly be disruption to the sector again and the way we do business, but I’m confident Signature is in the best shape it’s ever been in and ready to find ways to get deals done, not excuses to walk away.
“It feels like significant change has occurred, not just in the way people work now, but the way people want to work in future. And only those lenders with the ambition to look at every deal on its own merit will succeed in what I expect to be a tough, yet exciting year ahead for Signature.”
