Company Tag: West One Loans

Gross annual bridging lending in the UK has risen to £3.6bn, according to the latest West One Bridging Index, up from £3.5bn at the end of 2015.

Christian Candy-owned property lender Omni Capital has recruited a new Financial Director and a new Financial Controller to "bring further robustness" to the team.

Gross bridging lending has shot up by over a third in a year, according to the latest stats from West One. Annual bridging lending now exceeds £2.7bn, while the volume of loans is also up by 13%.

Short term lender West One Loans has reported a pretty big start to the year.

Nearly £50m-worth of bridging loans are being dished out each week as the sector posts annual growth of 24%, according to West One's Bridging Index.

When provider West One started charting the scale of the UK's bridging loan market in 2011, gross annual lending of this type stood at a mere £0.8bn;

The bridging loan industry is coming of age, overturning a pretty volatile infancy to grow at a fairly consistent 25%-ish rate since the middle of last year, claims West One Loans in its Bridging Index.