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Stamp duty holiday fuels bridging activity | Mortgage Introducer

Stamp duty holiday fuels bridging activity | Mortgage Introducer
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Property investment fuels Q2 bridging loans: MT Finance

Property investment fuels Q2 bridging loans: MT Finance
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Bridging loans increase buyer demand outstrips supply


HomeNewsLoans
Bridging lending increases as buyer demand outstrips supply
Published: 28/05/2021
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Data  from the Association of Short-Term Lenders (ASTL) shows the demand from consumers and businesses to get a bridging loan in the UK has increased at the start of 2021.  Applications have exceeded pre pandemic levels by just over a quarter and the value of these was up 18% comparing Q1 2021 to the same period in 2020.  The number of completions in Q1 was also up by just over 10% comparing Q1 2021 to Q1 2020. 
However, comparing the number of completions in Q4 2020 to the start of 2021 shows a reduction of 1.9% in completions. This may be due to the heated property market marginally slowing down completion times due to sheer levels of demand and because of multiple applications from brokers to bridging lenders.  ....

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