Bridging lending climbs to another record high
Short-term property finance is becoming more prevalent.
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.
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.
Bridging loan activity climbed to an all-time high in 2023
'Remarkable' growth in short-term property finance has been 'no surprise', say industry insiders.
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