"The UK bridging loans market is continuing to expand and is expected to reach around £12.2 billion in outstanding loans this year. This marks another strong period of growth for the sector, following a record-breaking performance last year when the total value of bridging loans passed £10 billion for the first time. Demand has remained steady as more borrowers turn to short-term finance to overcome delays and restrictions in traditional lending."
"The modern bridging finance industry began to grow rapidly after the financial crisis in 2008. During that period, many high street banks reduced their appetite for risk and tightened their lending criteria. This made it harder for buyers, developers and businesses to access funding quickly. Bridging lenders stepped in to fill the gap, offering faster decisions and more flexible terms. Since then, bridging has become a well-established and credible alternative to banks, especially for property-backed borrowing."
UK bridging loans outstanding are expected to reach around £12.2 billion this year, following the sector passing £10 billion last year. Demand remains steady as borrowers use short-term finance to manage delays and restrictions in traditional lending. Bridging loans enable developers and investors to access capital in weeks to bridge funding gaps for purchases or renovations, typically with a clear exit. The modern bridging industry expanded rapidly after the 2008 financial crisis when banks tightened lending, allowing bridging lenders to offer faster decisions and flexible terms. The market comprises under 100 lenders and thousands of intermediaries.
Read at London Business News | Londonlovesbusiness.com
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