Bridging Loans grow rapidly

The bridging loan industry has increase leaps and bounds over the last 2 years setting numerous records for business conducted.

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 by a further 12.5% on the year to date.The vast majority of high street banks and standard lenders still continue to show a reluctance to lend on new developments. Bridging finance has provided an invaluable resource to those looking to secure finance for their projects as the country’s economy continues to grow.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 very exciting times for bridging finance as the industry looks forward to 2016 and beyond.

Like to know more

If you require more information of how bridging finance can help you please call us and we will be happy to assist. We have a fully qualified adviser waiting to take your call.