Dan Walker

Sancus launches digital platform for UK bridging and development lending

The Sancus Group has introduced a new digital platform for bridging and property development lending in the UK.

The alternative secured finance provider sees its expansion into the UK as key to achieving its ambitions for growth.

Its UK business is based in London and will provide funding through its subsidiary Sancus Funding Limited.

It will provide loans from £500,000, offering funding opportunities to institutional and high-net-worth investors.

To date, Sancus has provided asset-backed lending in Jersey, Guernsey, Gibraltar, Ireland and the Isle of Man (through an affiliate company).

The finance provider claimed that further expansion in the UK would benefit both borrowers and funders.

Dan Walker, managing director at Sancus Funding (UK) (pictured above), said: “There is significant demand in the bridging and development finance market in the UK, where the fundamentals for alternative finance remain strong and we are pleased to have recently completed the first loan on our new electronic trading platform.”

Andrew Whelan, CEO at the Sancus Group, added: “The group passed the £1bn funding milestone earlier this year, and with significant growth over the last few years in asset-backed lending, this is the right time to direct more resources towards expansion in the UK market.

“We have made significant investment in technology to support this growth, allowing us to concentrate our efforts into robust credit processes, which remain a key strength of the business.”

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