Growth predicted in Scottish bridging market

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A poll of Scottish brokers conducted by Precise Mortgages suggests there is optimism over the volumes of bridging and short-term lending.

The lender reported that 84% of brokers believe that continued restrictions by high street banks will increase volumes in short-term lending.

56% of brokers believe that the private rental sector will continue to grow, with 65% saying that the number of buy-to-let investors will increase.

60% also believe that high street lenders are deliberately restricting business via intermediaries.

Precise Mortgages is currently traveling around Britain holding a series of road shows. Brokers are being polled on what they think the future holds for the lending market, with respondents being entered into a draw to win a Harrods Christmas Hamper each day. Graham Kennedy of Graham Kennedy Mortgages was the first lucky winner.

The road shows continue in Newcastle today and then move onto Manchester, Solihull, Cardiff, and London.

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