Category: Bridging Loans
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Bright Outlook for Bridging Loans in 2024 as Brokers Anticipate Rise in Business
The latest findings from the Castle Trust Bank Pulse survey have painted an optimistic picture for the future of bridging loans in the UK. According to the survey, a significant 68% of brokers anticipate they will handle more bridging loans in 2024 than they did in 2023. This promising data indicates that the demand for…
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Spring Finance Expands to Scotland with New Bridging Loan Options
Spring Finance, a specialist lending company, has officially announced the launch of its comprehensive range of bridging loan products in Scotland. This strategic move marks a significant expansion for the lender, aiming to meet the growing demands of the Scottish market. The launch is supported by Wilson McKendrick solicitors, a firm with a deep-rooted history…
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Using a Bridging Loan to Finance Heavy Refurbishment
For property investors, refurbishing a building can be a cornerstone strategy for maximising returns. It’s an approach that transforms the mundane into the magnificent, breathing new life into properties and, in turn, enhancing their value. Refurbishment projects can vary widely in scope and scale. On the lighter end of the spectrum, we have cosmetic enhancements—think…
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Bridging Finance Growing in Popularity
Bridging finance, often seen as a short-term funding solution, is gaining traction for its ability to help buyers quickly secure funds, particularly in situations where traditional loans may not be the best fit. These loans are typically secured against property and are invaluable in scenarios such as property refurbishment or preventing a break in a…
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Spring Finance Announces Lower Bridging Rates and Enhanced Criteria
Spring Finance has announced a reduction in rates across its entire range of bridging loan products. Alongside these rate cuts, the company has introduced an improved lending criteria, now offering residential property purchases with loan-to-value (LTV) ratios of up to 75%. Furthermore, Spring Finance has expanded the availability of Automated Valuation Model (AVM) loans, raising…
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Shawbrook Unveils New Expert Team to Support Larger Loans
Shawbrook Bank is increasing its maximum loan cap to a whopping £35 million, and also introducing a specialised squad: the Structured Real Estate team. This move aims to transform the way their large-scale financing is approached, offering a blend of personalised service and expert advice tailored to meet the needs of those handling hefty transactions.…
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TAB Launches Bridging Loans in Scotland
TAB, a property finance and investment house, has now extended its bridging loan services to Scotland. This development not only broadens TAB’s geographical footprint but also brings a new dimension to the Scottish real estate finance market. Historically concentrated in London and the South East, TAB’s decision to venture into Scotland is a strategic move…
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Bridging Loans Hit Record Highs in 2023
In 2023, the bridging loan sector witnessed growth, with a staggering £831 million in loans transacted. This figure marks the highest annual gross lending total since the inception of Bridging Trends in 2015, highlighting a significant increase in the market’s activity and borrower confidence. The year kicked off on a high note, with the first…
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Castle Trust Bank Launches New Bridging Loan Scheme
Castle Trust Bank has rolled out its new ‘Bridge the Gap’ bridging loan product. This strategic financial solution is crafted to assist borrowers who are on the brink of concluding their existing fixed-rate or bridging loans but are wary of locking into a new buy-to-let mortgage due to the forecasted dip in interest rates in…
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Blend Rolls Out Lifeline for UK Property Developers with New £50M Fund
Blend, a specialist in development finance, has announced a significant boost to its lending capabilities with a new £50 million+ institutional funding line. Blend’s latest financial infusion is designed to introduce bridging options for property developers who have hit a rough patch. The company, which first made waves in 2018, is expanding its portfolio of…