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Increased Demand for Buy-To-Let Bridging Finance Loans

Increased Demand forBuy-To-Let Bridging Finance Loans

Bridging Finance Loans Increase £1.79 Billion (GBP) In 2013

New data from Positive Bridging Finance shows that buy-to-let property investors are turning to bridging finance in order to facilitate property purchases and rental property refurbishment and gross lending to August this year reached £1.79 Billion (GBP).

The research discovered a 25% increase in bridging loans taken out during 2013 and on average, a typical bridging loan used by property investors is around £220,000 (GBP), up 5% year on year with an average term of six months.

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