X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

New product launches to measure UK bridging trends

Representatives from the bridging finance industry have come together and launched a new report highlighting the latest trends shaping the UK’s bridging finance market. This is the first time any regular and wide-ranging measurement of the UK’s bridging finance industry has been recorded.

The infographic covers data gathered from bridging lender MTF and Brightstar Financial, Enness Private Clients, Positive Lending and SPF Short Term Finance, with the aim to deliver the most realistic representation of the bridging loan market.

Bridging Trends will be updated quarterly and will measure key indicators such as average monthly interest rate, typical loan purpose and average completion time.

The bridging loan market has grown significantly as banks reduce short term lending and MTF and the financial packagers saw a need to record the market going forward.

Joshua Elash, director of bridging finance lender MTF, said: “There has been a lack of transparency in the bridging finance sector and we thought it would be beneficial to bring together a number of the UK finance industry’s largest packagers to collect data and present the objective information as a benchmark for the sector.”

Key points from the report showed that the average bridging loan term was 11 months, the average LTV was 50%, and the average (monthly) interest rate was 0.95%. Property refurbishment was the most popular use for bridging loans and 65% of bridging loans in the period were unregulated.

If you want to read more news subscribe

subscribe