Bridging loan activity climbed to an all-time high in 2023

Short-term property lending has increased, while the traditional mortgage market has slumped in the face of rising interest rates.

Increase in short-term property lending has been driven by demand from residential homeowners.

'There has been more to be positive about in 2023 than many thought there would be at this time last year,' says Rightmove's top property market analyst.