Bridging Loans for Property Development: How Does it Work? Specialist development finance is a popular choice for property developers and construction companies, providing prompt access to significant sums of money for extensive and ambitious projects. However, there are scenarios where a bridging loan for property development could be a better choice. Unlike development finance, bridging […]
Raising funds for a property purchase for buyers and developers, with a less than perfect credit history, can prove to be quite challenging. Lenders offering traditional mortgages are cautious to approve loans to clients with previous financial issues as they are viewed as a high risk. For those in this situation, considering bridging finance is […]
You have found your dream home and need to move fast but you haven’t secured a sale on your current property. So, what are your options? We look at the different types of bridging finance available and examples of property purchases bridging loans can be used for. Buying a property using bridging finance offers a […]
When time is of the essence, and you need to act quick, a short term bridging loan is just the solution you are looking for. We specialise in securing the best available funding for our clients’ individual circumstances. So, if you find yourself in a position where you are ready to buy your dream home […]
Investing in a holiday property is a huge decision and mustn’t be entered into without first considering the pros and cons. While your main reason for buying may be for personal use, it would be wise to look at the potential earnings that could also be generated from renting your vacation property to other holiday […]
The UK’s bridging finance sector held steady throughout Q2, achieving modest growth on Q1’s impressive overall performance. According to the latest Bridging Trends report from MT Finance, total bridging activity during the second quarter increased to £146.5m from £144.5m in the first quarter. The report indicated that the vast majority of lending activity taking place […]
Defying all projections, the UK’s property market has enjoyed a stellar year; average house prices have broken all records, monthly sale completions are at an all-time high and demand continues to outstrip supply in all regions of the UK. Competition for desirable properties has become ferocious on an unprecedented level. Consequently, those who encounter delays […]
Having successfully broken the £100 million barrier in June the UK’s second charge lending sector is back to its pre-pandemic norm. According to the latest figures published by Loans Warehouse, total second charge lending activity hit just over £104 million last month, which is the highest rate since the COVID-19 crisis began. The report from […]
A recent opinion survey, published by The Association of Short Term Lenders (ASTL), indicates a positive long-term outlook for the bridging market and the UK economy as a whole. Following the budget announcement in early March, more than 73% of bridging finance providers remain confident about the long term health of the economy, in comparison […]
Specialist brokers operating within the bridging sector have noted a major spike in activity and interest among property developers. As a result, and for the first time since February 2019, development finance is back within the top five search terms within the bridging category. According to Knowledge Bank, which recently revealed the top-performing search terms […]
With monthly interest rates hovering at an all-time low, there has never been a more cost-effective time to consider bridging finance. Particularly where the funds are required quickly and for a major purchase or investment, bridging loans offer an invaluable lifeline for both private borrowers and commercial customers. Getting a Bridging Loan as a Homeowner […]
Almost every arm of the financial services sector in the UK was adversely affected by COVID-19 last year. The bridging finance segment was no exception, which according to the latest figures from Bridging Trends fell by £278 million compared to 2019. (Click image for full size version) In total, bridging loans valued at £455 million […]
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