Triple Point property loans increase by a fifth
Triple Point’s property lending team increased its number of loans by 19 per cent over its most recent financial year.
Triple Point recorded 42 loans, while its average loan size increased by 21 per cent. Triple Point funded 462 units over the period.
Read more: Triple Point: We’ve seen record inflows since the UK budget
Fifty-five per cent of its deployment took place in South East Anglia, with 22.5 per cent in Greater London. East England registered 12.5 per cent of its deployment, with the East Midlands, North West, West Midlands and Yorkshire & The Humber regions all seeing 2.5 per cent of Triple Point’s deployment.
“As the government reaffirms its commitment to delivering 1.5m homes by 2029, the role of non-bank lenders like Triple Point becomes even more crucial,” Triple Point said in a post on LinkedIn.
Read more: LendInvest founder’s firm inks funding line with Triple Point
“We are dedicated to originating innovative financing solutions that empower developers to meet these ambitious targets and address the growing housing demand.”
Read more: Triple Point agrees £30m credit facility with MT Finance
