Hope Capital has reported its most successful month to date, completing its largest bridging deal of £625,000 and seeing deal flow increase eightfold.
It said these were due to its increased procuration fee of 1.5%.
Jonathan Sealey, CEO of Hope Capital, said: “May has been our busiest month to date, we have completed on our largest bridging deal which was actually over what we quote our maximum loan amount is (currently £500,000).
“However, because we liked the deal we acted quickly, following our principles of being quick, flexible, specialist and transparent for our clients.
“This coupled with our 1.5% proc fee offer resulted in a very busy month here at Hope Capital.
“We have therefore taken the decision to extend the offer of paying all brokers a 1.5% proc fee for a further month until the end of June 2013.”