Nine in ten brokers think bridge-to-let products can help overcome buy-to-let (BTL) clients concerns around bridging finance, a survey has found.
According to a poll of 100 brokers, conducted by Castle Trust Bank and Knowledge Bank, 28 per cent of said their clients had concerns around short-term finance.
The poll also found that 64 per cent of brokers had seen an increase in BTL and holiday let enquiries.
Castle Trust Bank’s sales director Rob Oliver (pictured) said whilst some clients would be hesitant with short term lending due to uncertainty and unknown costs, bridge-to-let could resolve issues.
He said: “Bridge to let tackles these concerns head on, with a pre-agreed exit onto a buy to let mortgage, including the price, at the outset. It’s one application process that offers speed, efficiency, budget planning and peace of mind, so no wonder 90 per cent of brokers agree it’s a great way to beat client concerns.”
Knowledge Bank’s operations director Matthew Corker added: “There’s strong demand from property investors at the moment, and many are looking at more specialist types of investment, such as homes in multiple occupancy (HMOs), holiday lets and multi-units, which offer the potential for greater returns.
“Fortunately, there are lots of innovative options, like bridge to let, which enable investors to make the most of new opportunities, whilst also managing their own risk.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.