This landmark figure was surpassed following the completion of £30m in new loans last month, across 33 deals.
Comprising cases across 22 counties across England and Wales, submitted by 28 broker firms, the deals ranged from £175,000 to £4.6m, with the lender’s B&C Award-winning no valuation product proving to be the most popular.
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In mid-July the lender launched its new rate card, featuring reduced rates and increased LTVs, which it says has boosted its pipeline of applications.
Jack Coombs, managing director at Aspen Bridging (pictured above), commented: “The business is developing at an exponential rate.
“We are growing by 25% year-on-year and have a strategy in place to ensure we continue to beat this mark — this is why I can confidently state we will hit £1bn in the next year.”
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