Short term loan

Refurb, build, building

Together launches refurbishment bridging loan

Specialist lender Together has launched a bridging loan to support investors with residential property refurbishment. The lender says it is launching the loan because refurbishment has become the most popular reason for turning to bridging, trumping mortgage delays. Together will lend from £26,000 to £5m, with further advances available. The loan is designed for light […]

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Specialist lending boom set to continue: IMLA

    Specialist mortgage lending was £17bn in 2016, up 240 per cent from lows of £5bn in 2009, according to the Intermediary Mortgage Lenders Association. A new IMLA report says specialist lending has grown 19 per cent every year since 2009. The trade body’s report says it seems ” specialist lenders are now in a […]

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Association of Bridging Professionals finalises Lender Committee

The Association of Bridging Professionals has finalised the formation of its Lender Committee, including several major players in the specialist finance market. The new committee is made of associate lender members and provides broad representation across the bridging, development, BTL and commercial property finance sectors. The lenders and their representatives are :- Castle Trust – […]

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ASTL appoints new executive committee

The Association of Short Term Lenders has appointed its new executive committee for the upcoming year. Chief executive Benson Hersch will be joined by Adrian Bloomfield (Barton Bridging Capital), Brian West (Central Bridging), Emma Ryan (Amicus Finance), Gavin Diamond (UTB), James Bloom (Masthaven Bank) and Scott Marshall (Roma Finance). The new board will take effect […]

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Bridging lending hit £875m in Q1, says ASTL

Bridging lending hit £875m in Q2, up 12.1 per cent from Q1, according to the Association of Short-Term Lenders. Applications received were £4.9bn in the period. The year to 31 June 2017 saw more than £3bn of bridging loans extended, up from £2.8bn for the year before. ASTL chief executive Benson Hersch says: “The increase […]

Bridging Watch: Customers can always go elsewhere

As with supermarket customers, brokers tend to stick with one or two brands, so bridgers would do well to diversify The short-term lending sector continues to reflect the development path of UK supermarkets. The likes of Masthaven, Precise, Shawbrook and UTB all raise capital through retail deposits, meaning the cost of capital is low and […]

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Brightstar partners with new introducer Bridging Loan Hub

Newly established short-term loan broker Bridging Loan Hub has partnered with Brightstar Financial and will introduce clients to the master broker. The new firm is based in London and will generate enquiries for bridging loans through ‘organic and paid’ online searches, with all applications made on the website being handled by Brightstar. Bridging Loan Hub was […]

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InterBay enters bridging market

InterBay Commercial has launched into residential and commercial bridging finance for property investors. Rates start from 0.44 per cent. The lender will initially sell through a small broker panel. The lender is targetting borrowers who want to buy a new home or raise capital against an existing buy-to-let, HMO or commercial property. InterBay will also […]