Bridging Finance - The rising star in specialist finance

As the demand for bridging finance grows, borrowers are seeking competitive bridging loan rates and exploring regulated bridging loans to complete existing purchases or to fund investment properties.

In the ever-changing landscape of the financial industry, bridging finance has emerged as a vital player, offering short-term funding solutions to individuals and businesses. Over the past years, this sector has experienced significant growth, positioning itself as a reliable and flexible option for borrowers and investors.

According to the latest data from the Bridging Trends report, provided by MT Finance, bridging loans gained significant prominence in 2022, reaching an impressive £716.2 million in gross bridging lending, marking the highest figure recorded in three years. This growth can be attributed to its versatility in meeting various financing needs.

The report highlights that investment purchases accounted for the majority share of bridging loans in 2022, making up 23% of the market. However, there has also been a notable surge in demand for unregulated refinance, which represented 11% of the bridging market.

Bridging finance has also proven invaluable for chain breaks, heavy refurbishment, business purposes, regulated refinance, re-bridge finance, and auction purchases. These trends underscore the adaptability of bridging finance to meet the evolving requirements of borrowers.

In the first quarter of 2023, bridging loan transactions reached an all-time high, experiencing a remarkable 30% increase compared to the previous record set in Q3, 2022 (£214.7 million).

Additionally, Q1, 2023 saw an astounding 68% surge compared to Q4, 2022 and with mortgage rates reaching their highest level since 2008, many homeowners are turning to regulated bridging brokers, such as Norton Broker Services, to secure timely completion of their existing purchases.

As the demand for bridging finance grows, borrowers are seeking competitive bridging loan rates and exploring regulated bridging loans. Norton Broker Services specialises in providing regulated bridging loan solutions, offering expert guidance and access to the best rates in the market. Whether it's bridging finance for investment purposes, regulated refinance, or other funding needs, Norton Broker Services is well-equipped to assist borrowers in navigating the world of bridging finance.

Want to know more about what we can offer?

01709 321 655

www.nortonbrokerservices.co.uk

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