Bridging lending and sales increase

It is no secret that there has been a big upturn in the property market in the last 3 years. The last 36 months figures from the Bank of England have reported large increases in both lending and property sales.

This has filtered through to bridging finance and commercial lending in a very big way right across the United Kingdom. Reports are showing short term lending is up a massive 58% on this time last year.

The majority of the demand is coming from the developers looking to increase their property portfolios as interest rates are so attractive at present. We have also seen a big increase in demand for redevelopment funding as landlords look to upgrade and improve their properties.

UK property prices are rising daily and many investors see the necessity to act quickly on a purchase, thus securing at an advantageous price. The general feeling among property developers is to secure the deal as fast as possible; of course this is where bridging finance comes into its own.

Mainstream lenders cannot turn a deal around as quickly as the investor would like plus more often than not they won’t even consider this type of lending. High Street lenders see this form of business as far too risky and complicated and therefore they shy away.

Bridging finance is unique as each individual case will be assessed on its individual merits. If it is a “clean case” finance can be advanced in just a few days rather than weeks.

Looking to find out more?

At Fastest Bridging we pride ourselves on the service we provide so if you need any help or guidance please do call us. One of our expert advisers will be on hand to deal with your request.