Bridging Loans continue to grow rapidly

The bridging loan industry has seen massive growth over the past few years, given it used to be a much less visible sector of the lending market.

The facts are the bridging loan market grew by 24% in 2014, with the total size of the sector reaching nearly £2.5 billion. What is even more astonishing when you realise that the bridging finance industry has nearly tripled in size over the past four and half years.

2015 is following the same trend with loan applications and completions up 9.5% on January 2014.The rate of growth is now slowing down somewhat, which is understandable as greater awareness of the industry and the options it provides is now clear to existing clients. The vast majority of high street banks still continue to show a reluctance to lend on new developments so bridging finance has provided an invaluable resource to those looking to secure finance for their projects.The industry’s huge growth shows investors have become aware of the ways bridging loans can help their business grow. This type of funding is so quick to complete in the majority of cases we have seen investors return again and again for funding.

As the bridging sector continues to build on its successes, we are seeing lenders producing more new products to assist the investor. These are indeed very exciting times for bridging finance as the industry looks forward to 2015.

If you require more information of how bridging finance can help you please call us and we will be happy to assist.