The annual Bridging Trends data is in and reports that a record £831 million in bridging loans were transacted in 2023 by contributors*. We’ve broken down what you need to know about the latest stats. buyers turning to bridging finance to prevent chain breaks As borrowers continued to face uncertainty in the mainstream mortgage …
The UK holiday let sector has just experienced its most successful season yet, according to AirDNA, the leading short-term rental intelligence platform. It revealed that in April 2023, demand for holiday lets in the UK finally returned to 2019 levels and as the summer approached, there was a notable increase in listings (15% compared to …
The need for speed was highlighted again in the latest Bridging Trends data which was released earlier this month. Covering 2023’s third quarter, it paints a picture of how bridging finance continues to be a powerful tool for property investors. Created and compiled by MT Finance, Bridging Trends brings together figures from several specialist finance …
Back in September, Rishi Sunak made a major announcement: he was scrapping the government’s Energy Performance Certificate (EPC) policies for landlords. These policies were set to require newly rented properties to have an EPC rating of C or above by 2025, and existing rental properties to have the same certification by 2028. This move was …
The Bank of England’s Monetary Policy Committee has made a big decision – after 14 consecutive rate rises, they have voted to keep interest rates static at 5.25%. Though the decision was split amongst investors and business leaders prior to the September meeting, the vote was passed by a slim majority of 5-4. Those who …
With the property market cooling off, the property auction sector is proving to be a great opportunity for buyers to take advantage of lower prices and increased choice. According to Auction House UK, there was a 20% increase in the number of properties sold between January and August 2023 compared to the same period in …
According to the latest Bridging Trends data, £165.7 million in bridging loans was transacted by contributors* during the second quarter of 2023. This is a 40.6% drop from Q1’s record-breaking £278.8 million and the lowest quarterly figure since Q1 2022 (£156.77 million). demand from investors and landlords rebounds After plummeting to 15% in Q1, …
