There are several benefits of bridging loans over other sources of mainstream finance. Most clients are attracted by the speed, flexibility and ability to break property chains when raising finance for a property purchase or business purpose. mtf has developed a strong reputation in the industry for delivering funds at speed at sensible rates which are clearly …
Bridging loan volume rose 10.7% to £534.1m in 2017, compared to £482.61m in 2016 as demand for short term finance in the UK grew, according to the latest Bridging Trends data. The increase in 2017 volume continues a trend seen in 2016, when activity rose 11.5% on 2015 levels of £432.51m. The bridging loan market …
According to the results from mtf’s latest Broker Sentiment Survey, a majority of brokers are confident about business growth in 2018. Some 68% of brokers believe overall market conditions will improve in 2018, a sea change in opinion from January 2017, when only 31% of brokers surveyed were confident about the year ahead. Half of the …
A property valuation is key to determine what level of mortgage you can obtain and how much you can borrow. Bridging loans are always secured and you are using the value of the property in order to borrow money for refurbishments, development or to purchase another property. Therefore, having an accurate valuation of the property is very …
An increasing number of people in need of extra cash are turning to second charge bridging finance to purchase investment properties, inject capital into businesses, or make refurbishments in order to prevent disturbing their existing attractive mortgages. Demand for second charge lending is set to continue to increase throughout the year. In a sustained low …
Some 65% of brokers noticed a rise in bridging loan volume in the third quarter of 2017, an increase on 48% in the second quarter, according to our latest Broker Sentiment Survey. Bridging finance continues to plug a funding gap for borrowers that are struggling to obtain loans from mainstream lenders, which have implemented tougher …
62% of property investors revealed they were not aware of the introduction of the new PRA rules, MT Finance’s Q3 Property Investor Survey showed. The new buy-to-let rules from the Prudential Regulation Authority (PRA), which is part of the Bank of England (BoE), demand a tougher lending stance on landlords. As of 1st October, landlords with …
According to the data from our most recent quarterly Broker Sentiment Survey, 82 per cent of brokers do not think the Government is doing enough to support the UK property market. When asked what changes the Government could make, over half (59 per cent) of brokers said scrapping the 3 per cent stamp duty …
Three quarters of property investors said scrapping the additional 3% stamp duty hike on buy-to-let and second homes would improve conditions in UK real estate, mtf’s Q2 Property Investor Survey showed. The introduction of the 3% surcharge in April 2016 has severely limited investor appetite for buying properties with the intention of renting them …
Bridging loan activity peaked to £150.1m during the second quarter of 2017, a 26% increase on first quarter gross lending and the highest level since Bridging Trends launched. Bridging Trends, a quarterly publication by bridging lender mtf and specialist finance brokers Brightstar Financial, Enness Private Clients, Positive Lending, and SPF Short Term Finance, launched in …
