Buy-to-let fuels bridging boom

Published on

By admin

Bridging lender West One has claimed that gross lending in bridging finance this year will reach £800 million for the first time.

According to its new quarterly Bridging Finance Index, West One reported that the volume of loans advanced has risen 26% year on year (to the end of August) as an increasing number of property investors have turned to the sector to finance their projects. Gross lending rose 46% in the same period.

Duncan Kreeger, chairman of West One Loans, said: “The buy-to-let market is extremely strong at the moment

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

events

Nadine Coyle and AJ Odudu to headline Sort Ball

Sort Group has announced Nadine Coyle and AJ Odudu as the headline acts for...
MIMHC

Beyond the walk: Mortgage leaders talk mental health – part 14

The Mortgage Industry Mental Health Charter (MIMHC) began its third annual 144-mile Walk &...
News

Spicerhaart and Just Mortgages sponsor Sittingbourne FC

Spicerhaart Part Exchange & Group Clients and Just Mortgages have agreed a sponsorship deal...
Building Societies

The Cambridge backs care leavers fund

The Cambridge Building Society has committed £22,500 over three years to support a new...
results

Equity Release Group reports 11% rise in case volumes

Equity Release Group has reported an 11.1% year-on-year rise in case volumes for the...

Latest publication

Other news

Q&A

Q&A: Rob Stanton, Landbay

Mortgage Soup fires the questions at Rob Stanton, sales & distribution director at Landbay. Mortgage...
events

Nadine Coyle and AJ Odudu to headline Sort Ball

Sort Group has announced Nadine Coyle and AJ Odudu as the headline acts for...
MIMHC

Beyond the walk: Mortgage leaders talk mental health – part 14

The Mortgage Industry Mental Health Charter (MIMHC) began its third annual 144-mile Walk &...