Demand for bridging loans jumped by 14% last year to £716.2m, the highest figure for three years “as transactions bounced back to pre-pandemic levels”, says MT Finance. Short-term Loans in 2022 were the highest since 2019, when they hit £732.7m, data from the property finance lender’s latest Bridging Trends survey
Enra Specialist Finance has appointed Preben Prebensen as its new chairman following the acquisition of the firm by fund manager Elliott Advisors last spring. Prebensen joins the specialist lender after leading investment bank Close Brothers Group as chief executive for 11 years until September 2020. Enra says that
Impact Specialist Finance has launched an expat mortgage product with Dudley Building Society. The new product is available through a select group of packagers, including Impact Specialist Finance. The product is designed for UK citizens living abroad who are purchasing a residential property, with the option of