The company has leant a total of 635 new facilities this year so far.

•   The cost gap between BTL and bridging is 'ever narrowing'
•   Ultimate Finance completes £730,000 bridging loan for first-time developers
•   Ultimate Finance passes £2bn lending milestone

Other portfolio highlights from H1 included:

• its closing group loan book up 9% finishing the period at a record level of just below £300m
• its bridging finance loan book being above £50m with new business volumes over double the same period from the previous year
• its total loan book size increasing by 14%, while new business volumes rising by 7%
• working capital solutions growing in demand with a total loan book above £150m

Josh Levy, CEO at Ultimate Finance (pictured above), said: “We came into this year looking to further our track record of strong performance through continued challenging market conditions.

“This would mean managing the balance of risks and opportunities, proving the quality and strength of our loan book, delivering further improvements to our relationship-driven service levels to clients and introducers, and continuing to grow our loan book and new business volumes.

“Economic conditions remain tough for SMEs and the interest rate environment volatile, with good news in the real economy paradoxically translating into bad news for inflation, and consequently rate expectations.

“At all times our mission is to stay consistent, disciplined and focused, resisting the sentiment swings that come along and recognising that we can’t control external events.”