In addition, the platform reported year-on-year funding growth of 40% in July.
The announcement follows recent speculation that the platform had restricted its funding for certain lenders in the UK bridging market.
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“We’ve actively funded UK loans since our inception and remain committed to the UK market,” confirmed a Toorak spokesperson.
“In fact, we have been funding loans at a much higher rate in 2022 than in 2021, including a year-on-year increase of more than 40% in July.
“In certain circumstances, however, this significant increase in demand from our partners has required us to limit funding volumes for individual loan sellers."
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