Digital property finance platform Brickflow has reported strong growth in commercial lending activity during the third quarter, as confidence returns to the market and brokers increasingly embrace technology-led deal sourcing.

The number of commercial loan searches conducted through Brickflow rose between Q2 and Q3, reflecting renewed investor appetite and an uptick in deal flow.

Decisions in Principle (DIPs) for commercial loans increased by 26.5% over the same period, suggesting stronger conversion from initial enquiry to formal offer.

In total, the value of loans offered through the platform reached £192.2 million in the quarter, with the largest single facility standing at £15.2 million. The fastest recorded DIP took just four minutes to complete.

Average commercial and bridging loan interest rates edged up by about 1%, but remained broadly stable – a sign that the market is entering a phase of rate normalisation following a volatile two years.

Five new lenders joined the Brickflow marketplace during the period, including Metro Bank, further broadening broker access and lender competition.

The company also introduced a lender secondary market, allowing institutions to view and engage with opportunities outside their immediate network. This development is intended to boost liquidity and visibility across the platform.

A revised, shortened appraisal process was also launched to cut input time and enable brokers to compare deals more quickly and efficiently.

Brickflow said the growing participation of lenders, coupled with faster decision times, points to an increasingly competitive and technology-driven lending landscape. The combination of steady rates and rising deal activity suggests the property finance market is stabilising as it heads into the final quarter of the year.