In the latest edition of #MITalk, Matthew Dilks, bridging and commercial specialist at Clever Lending, gives his take on the market currently and anticipates how it will evolve over the coming year.
The bridging finance sector has continued its rise to prominence, with a growing number of borrowers and brokers starting to acknowledge the benefits this flexible short-term funding solution can offer…
Clever Lending has announced that it has recently secured a £1.1m regulated bridging facility for a broker’s client who wanted to purchase a farmhouse in Tonbridge, Kent, which needed full renovation
Bridging loan transactions bounce back to pre-pandemic levels as stock shortages put pressure on buyers to move quickly
An EPC is an Energy Performance Certificate.
It gives a property an energy rating from A to G with A being the most efficient.
The certificate is valid for 10 years.
The customers wanted to purchase a farmhouse needing full renovation. A bridge loan was a perfect fit. The property required £250,000 to renovate, which would create a 4 bedroomed detached farmhouse set in 2.5 acres.
According to the latest Bridging Trends figures, £214.7 million in bridging loans was transacted by contributors during the third quarter of 2022.
Q&A With Shawbrook Bank Paul Day from Clever Lending speaks with Matt Taylor from Shawbrook Bank www.shawbrook.co.uk Matt Taylor
Bridging saves delayed property purchases. Funding a chain break once again the most popular reason for obtaining bridging finance, according to the latest Bridging Trends data.
Despite the happenings of 2020 and continued challenges, bridging finance saw an increase in activity during the second half of 2020 and this continued in to 2021.
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