The £2.5m was spread across multiple loans in different sub-sectors, including:
- £1.6m bridging finance
- £500,000 second charges
- £400,000 complex mortgages
The Glasgow-based specialist finance broker provides advice on complex mortgages, bridging and development (exit) finance, commercial loans and the limited company structures and special purpose vehicles used by landlords.
Nathan Ellis-Calcott, director of specialist lending at Your Expert Group (pictured above), said that it was targeting a bumper autumn, but in the event, August was the month where the momentum really started to grow.
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“We are still a brand new company, but it’s heartening to see the enquiries we are getting from brokers and other introducers, both in Scotland and more widely, turn so quickly into completed deals.
“We wanted proof of concept and we got it far sooner than we’d hoped for.”
Derek McPhail, co-founder of Your Expert Group, added: “As a group, we have big plans for specialist finance in Scotland and the North of England.
“Relative to the South, and particularly the South East, specialist finance is an untapped niche, but it’s one we intend to introduce to brokers at scale.
“We only soft-launched in June, so to deliver such a strong August has given everyone here a huge boost.
“It’s a dream start.”
In June, Nathan was appointed director of specialist lending at Your Expert Group.
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