You are here: Home - Specialist Lending - Bridging -

Bridging application values rise 123% as brokers shop around

by: Heather Greig-Smith
  • 16/05/2017
  • 0
Bridging application values rise 123% as brokers shop around
Bridging applications are up 123% on last year, according to the latest quarterly figures from the Association of Short Term Lenders (ASTL).

In the first quarter of 2017, ASTL members saw the value of applications for bridging loans increase by 13.9%, compared with the previous quarter.

Values were 123% higher than the same quarter in 2016. However, the amount of loans actually written is 11.4% higher than Q1 2016 – as the figures reflect brokers shopping around.

The size of the overall loan book was up 45% on March 2016, although it was down 5.7% at the end of Q1 this year, compared to the end of the previous quarter.

ASTL chief executive Benson Hersch (pictured) said the figures show renewed confidence among buyers. “Despite recent uncertainties, including Brexit and the triggering of Article 50, applications are on the rise, suggesting that there is a renewed confidence among investors and homebuyers alike.

“However, there is still a clear disparity between applications and completions, reflecting increased competition as brokers shop around. Of course, not all applications reach completion for various reasons and the recently reported increased completion times are also having an effect.”

Annual lending in the bridging sector still falls short of what Hersch termed “the elusive £3bn figure”. Despite this, and the upcoming general election, he added that members are “increasingly positive about the outlook for 2017”.

There are 0 Comment(s)

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
LendInvest joins Home Builders Federation

Specialist short-term and development finance provider LendInvest has joined the Home Builders Federation (HBF).