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In Demand
Bridging Boom
The fast growing demand for bridging loans is the result of a range of factors. Consumers and property developer’s confidence is high as new properties become the top priority for the individual and professional investor. With house prices constantly on the rise the need for quick and accessible finance is clear.
Bridging finance enables people to achieve things which otherwise just simply would not be happen. The loans may well be slightly more expensive but the cost is justifiable as the deal can be completed quickly and efficiently which enables the investor to move forward.
In some cases it is the only way to get a new project up and running, bridging has become particularly popular with developers wanting to capitalise on new opportunities.
High Street lending facilities such as banks and building societies cannot compete when it comes to fast lending. A straight forward bridging loan can be completed in a matter of days which is just not possible with other lenders.
As the demand for this type of funding grows a cluster of quality new lenders have come into the market place, thus making funding even more accessible.
Bridging finance is growing faster than any other form of lending in the UK and experts are predicting this to continue for some time to come. The market has responded well to this increased demand with new innovative products to meet the majority of consumer needs.
Can we help?
If you would like to know more about bridging finance and how it come help you please do make contact with one of our fully qualified advisers.