Bridging loan use by property investors rises again
Short-term bridging loan finance is at a new all time high, according to new data published by short-term secured finance providers, West One loans.
Annual lending of £778 Million (GBP) meant that short-term second charge lending by consumers reached a new record high over the last year.
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Bridging Loan Lending Reaches Record High
Bridging loan use by property investors rises again
Short-term bridging loan finance is at a new all time high, according to new data published by short-term secured finance providers, West One loans.
Annual lending of £778 Million (GBP) meant that short-term second charge lending by consumers reached a new record high over the last year.
At the start of 2013 the gross amount of bridging finance being borrowed was recorded at £549 Million (GBP) and an increase of 42% in business saw an additional £229 Million (GBP) in gross short-term secured lending being sought by property investors in the twelve month period to 2013 in order to reach the new high.
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