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Analysis: Bridging sector has come a long way

Benson Hersch ASTL

During the past quarter, the value of bridging loans written by our members rose again, by 49 per cent year on year. But there are still challenges ahead. Uncertainty in Europe, more regulation and the Mortgage Credit Directive are all likely to affect the market. It would be unwise for anyone to rest on their laurels.

However, the ability to adapt by lenders and brokers in this sector has led it to far outstrip the growth in the long-term market.

Now is the time to capitalise on this growth. The lenders with the best service, most flexible and capable underwriting, and soundest business models will survive.

This is no longer a market for fly-by-night lenders. Our members have a strong code of conduct and want to do the best for customers and brokers. They are willing to learn and adapt, respecting regulation and the regulator for what they are attempting to achieve. 

That does not mean we accept  all the regulator’s proposals carte blanche. We continue to meet with the FCA and HM Treasury to fight for what we think is best for the industry. We all need to continue learning to overcome problems and find solutions.

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