Bridging Loans Increase

The number of loan applications increased by nearly 17.5% in the quarter ending March 2015 compared to the Q4 ending December 2014. April has also been a very busy month as well here at Fastest Bridging with our regular clients expressing a need to complete deals as quickly as possible. One of our clients told us “it seems to me banks are currently taking longer than ever before to advance funding” this is probably due to increased administration which has recently been introduced.

We are happy to report our recent survey showed a “clean case” with all parties pulling together completes on average within 9 days.

Bridging loan uses

Bridging loans have a vast array of uses and seem to be increasing all the time. The most popular currently are buy-to-let funding, buying at auction, and general commercial uses.

The trend this financial year has seen this form of funding completing faster than ever before as competition heats up in the market place. This is of course great news for the borrower and the seller alike.

Bridging companies are building on their current success with new products being released all the time to make it easier for the borrower. These are very progressive times for bridging finance with new and existing borrowers reaping the rewards.

Years ago bridging finance was seen as a very expensive form of funding but now we are happy to report things are changing and the right deal is not so costly if used correctly.

Like too know more?

Our advisers are fully trained and skilled in all areas of bridging finance so please do call us to discuss any requirements you may have.