Homebuyers utilising bridging loans to overcome unsettled market as lending climbs 20%
The latest market analysis by bridging finance specialists, Apex Bridging , has found that homebuyers have continued to utilise bridging loans in an increasingly unsettled market, with total lending up both quarterly and annually, with the driving reason being the ability to overcome a chain break during...
The latest market analysis by mortgage experts, Revolution Brokers , reveals that bridging loan lending has increased by nearly 50% since the Bank of England base rates began rising at the end of 2021.
Bridging loans are high-interest, short-term emergency loans often used by homebuyers who need to bridge the gap between buying a new home and selling their existing home.
In an announcement by the Bank of England, property prices have risen by £30,000 on average and house sales have soared by 20% since the government announced the Stamp Duty Land Tax temporary reduced rates on 8th July 2020. At KIS Finance , one of the largest independent bridging loan brokers in the UK, we have seen a massive 121% increase in bridging loan enquiries since the Stamp Duty...
