Huge annual growth is the company's best to date
Short-term lender Signature Property Finance has reported a record-breaking year with an origination total of £81.8 million for 2023.
The figure – a 47% increase from the previous year – represents the company’s highest annual performance to date.
“We began the year strongly, but there was little indication early on that we could sustain the pace we had set ourselves to achieve the self-imposed target of £60 million for the year,” stated Tom Howells, chief operating officer at Signature Property Finance. “It is gratifying when a strategy based on supporting brokers and their clients with a high-quality service, based on building strong personal relationships, certainty of funding and an efficient deal process, delivers more than expected.
“We recognise that this was a stellar performance and one we are unlikely to repeat. But we expect that as more brokers recognise our commitment to doing what we say we’re going to do and following through on promises made at the outset, they will bring more business our way.”
Tony Gilbertson (pictured), chief executive at Signature Property Finance, also highlighted the firm’s focus on service quality over pricing as a key differentiator in the market.
“Changes to the way we work and improvements in our service that reflect the changing needs of brokers and their clients, like reducing the time taken from indicative terms to drawdown, is winning us a lot of new admirers, but it’s the deals we need if 2024 is to maintain our upward trajectory,” Gilbertson said.
“To help brokers and developers unlock the potential in property, we are speeding up and simplifying our processes to reduce the challenges they face to fund their projects, whether it’s a £50,000 refurbishment, or a £3 million ground-up development. It’s our commitment to lend across the UK, with local experience on hand for support, that will ensure Signature continues to grow and succeed.”
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