Bridging has a sound platform

This year has seen bridging finance grow beyond all recognition and the recently released figures prove this emphatically. Here at Fastest Bridging we can confirm this year has seen us break all records in our two most popular areas of funding namely buy-to-let and commercial.

Bridging has come a very long way since five years ago and has a very sound platform to go forward into 2016. Lenders are bending over backwards to ensure tight deadlines are met and most importantly fees and interest rates are falling. Our director of operations said “all the signs are good for the long term future and we are most certainly ready to meet the challenges ahead”. “Bridging is now without any doubt a very serious player in the lending market”.

When speed is important

A housing crisis is forcing up house prices by a staggering £27 per day, this figure stood at just £9.50 8 years ago. The average home increased in value by £9500 to £186,000 in the year to October that’s 5.6% according to the Land Registry data. These are amazing figures and it is unlikely to slow down in the near future as demand for property increases all the time. We are seeing more people than ever turning to bridging finance to secure the property they want especially in the buy-to-let market. One recent customer of ours commented “I have just found the ideal property and secured a good price but I need to complete quickly.” “By offering to complete within two weeks I got £9000 off of the asking price which will more than pay to bridge the deal”.

Can we help you?

If you feel bridging may be able to assist your next purchase please call one of our experienced advisers who will be pleased to help.

A housing crisis is pushing up property prices by £27 a day.

The average home increased in value by £9,856 to £186,350 in the year to October – that’s 5.6% – according to Land Registry data.

The jump –prices also rose0.4% between September and October – has been fuelled by a shortage of both homes for sale and new properties being built.

Figures showed 74,596 homes changed hands in August, down a hefty 15% on 2014 and the lowest number for that month since 2012.

Meanwhile, Nationwide referred to research showing that a lack of homes for sale had pushed supply down to its lowest level since the 1970s.