After a year of many twists and turns, the latest Bridging Trends figures have been released and show that a total of £214.7m in bridging loans was transacted during the third quarter of 2022 by those who contribute to the data*. This is a record high and a 20% increase on Q2’s figure of £178.4m. …
Back in 2008, Tomer Aboody and Joshua Elash founded MT Finance on the basis of being trustworthy, flexible, and transparent. And while the company may have grown dramatically in the last 14 years, these principles remain just as important to us all. We listen and review every case, finding solutions; this is why every award …
After years of rock-bottom interest rates, it finally looks as though they are heading for 5 per cent, with some commentators even suggesting 6 per cent. We don’t expect the situation to get as bad as that but we wouldn’t be surprised if rates stabilise at around 4 per cent over the next two years. …
A few weeks ago, in early September, we packed up our bags, belongings and computers and bid a fond farewell to Holborn Tower, MT Finance’s home of over four years. Our next stop? The 20th floor of The Broadgate Tower, an imposing skyscraper on the edge of The City. A space found and organised by …
Chancellor Kwasi Kwarteng’s so-called mini-Budget was one of the most revolutionary Budgets seen in a generation. Extensive tax cuts aimed at boosting the UK’s economy have since sent the markets, and pound, into freefall. main measures Mr Kwarteng announced that the additional rate of tax of 45 per cent would be scrapped, while the …
The Bank of England has raised interest rates from 1.75 to 2.25 per cent, the seventh consecutive increase, as it tries to get a handle on soaring inflation. Five members of the Monetary Policy Committee favoured a 50 basis points rise, with three members voting for a more aggressive 75 basis points increase and one …
Just when it looked as though they couldn’t possibly edge any higher, given rising food, fuel and energy bills, along with interest rates, house prices continue to do just that. Figures out this week from the Land Registry reveal that the annual rate of UK house price growth soared to 15.5 per cent in July, …
We may have experienced some of the hottest temperatures ever recorded in Britain in recent months, but as the cost of living crisis takes hold, attention has remained firmly on spiralling energy bills, making it one of the most urgent issues for our new prime minister. Days after assuming her new role, Liz Truss set …
According to data published by HM Revenue & Customs, the number of UK residential property transactions increased by nearly a third in July as buyers raced to secure low rates before the Bank of England’s Monetary Policy Committee met on 4th August. With 110,970 residential purchases processed in July on a non-seasonally adjusted basis, this …
According to the latest Bridging Trends data, the average bridging loan interest rate fell to another historic low in the second quarter, as the sector continued to perform strongly- with Bridging Trends contributors transacting a total of £178.4 million in Q2- up 14% on the previous quarter (£156.8 million). Despite predictions that it was going …
