Bridging loans: What they are and how they work
Insider examines what a bridging finance loan is, how it works, and who supplies them.
Source: insidermedia.com
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Bridging loan transactions hit record high in 2023 – Mortgage Strategy
According to latest Bridging Trends data, contributors transacted £831m of bridging loans in 2023, making it the highest recorded annual gross lending figure since Bridging Trends launched in 2015. The year started well with contributors completing £278.8m of bridging loans in the first quarter of 2023, the highest
Source: mortgagestrategy.co.uk
Bridging lending rebounds in Q3 as interest rates continue to rise – Mortgage Strategy
Bridging loan transactions saw a 15.3% increase in the third quarter, totalling £191m. This is according to the latest Bridging Trends survey which suggests the rise from £165.7m in the second quarter shows borrowers are utilising the product’s flexibility in the current climate. Amid the uptick in lending volume,
Source: mortgagestrategy.co.uk
Specialist lender breaks £100m loan barrier for second month this year
Together says activity shows there is still huge demand from businesses for bridging offerings
Source: thebusinessdesk.com
View over the bridge: What's ahead in 2023? – Mortgage Strategy
According to the latest Bridging Trends report, demand for bridging loans rose by 14% in 2022, to a total of £716.2m. This is the highest figure for three years and comes at a time when the mainstream market is forecast to experience a downturn. The Bridging Trends report is produced by short-term finance
Source: mortgagestrategy.co.uk