Bridging lending climbs to another record high
Short-term property finance is becoming more prevalent.
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Mortgage lending reaches a record high
Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.
Buy-to-let incorporations jump to a record high
New BTL companies were the second most common type of business registered in the UK last year, according to analysis by Hamptons.
Bridging lending activity holds steady as interest rates dip
More home-buyers are turning to bridging loans to prevent chain-breaks, while demand from businesses for short-term property funding doubled from Q4 2023 to Q1 2024.
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