Bridging completing even quicker

2015 has seen a significant decrease in the completion time for bridging loans which is great news for the industry on the whole. Confidence is growing rapidly in this type of lending as the general public see the benefits it has to offer.

Any reduction in time to complete a deal is good news for the borrower, we can confirm our records show that to date this year a 21% reduction has been achieved. The great thing is the lenders we use are still looking for ways to reduce the time even more, this just goes to show how serious they are about this business.

This year has seen a massive increase in the bridging market as more borrowers look to secure faster financing for their upcoming projects. Traditional high street lenders still are lacking the ability to compete with bridging finance for speed and efficiency.

Bridging options are expanding

As more people use bridging so the uses increase, over the last 2 years we have seen some very strange uses indeed. This unique type of lending is most certainly far more flexible than the majority of loans and mortgages out there in the market.

All this spells good news for the borrower as the product choice and options expand plus the costs are reducing. With so many big changes taking place on a rapid scale it is without doubt best advice to seek help before you make any decisions regarding your future financing. This course of action now could well save you or your company thousands of pounds in the future.

Can we help?

If you require some assistance with your future financing please call one of our experienced advisers, we are here to help.