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Secured lending is forecast to hit £1bn in just four years

The secured lending market could hit £1bn by 2016, according to Enterprise Finance.

In this week’s Bridgingwatch column, Danny Waters, chief executive officer of Enterprise Finance, says a rise in the number of lenders offering secured loans will lift the market from its current gross lending of £360m.

Waters says at the peak of the market in 2007, it was on target to complete between £6bn and £7bn per year.

But he adds: “Our internal forecasts suggest the value of secured lending will pass £1bn by 2016. This will be fuelled by an improving macro-economic climate and increasing liquidity and appetite from existing firms and new entrants.”

He believes new entrants will emerge from those lenders already operating in the mortgage and bridging space.


vicky barnard

Compromise proposal for cooling-off period

The 14-day cooling-off period proposed in the European mortgage directive is likely to be watered down. The proposal to allow borrowers a 14-day reflection period after agreeing a mortgage was suggested by the European Commission in the first draft of the directive. It was then dropped by the EC only to be resurrected at the […]


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Housing minister Grant Shapps and Prime Minister David Cameron meet Right to Buy applicants

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