The British parliament has been looking at allowing the use of cannabis oil for medical purposes. In Canada, Bill C-45 was recently given Royal Assent, which means that cannabis producers and retailers can be licenced to legally sell cannabis for recreational use. One of the leading businesses involved in (more…)

Most bridging finance lenders are reliant on brokers for their business. Many borrowers who need a bridging loan use a broker. This is partly because most deals that require a bridging loan have tight deadlines. A broker can quickly find a bridging lender and make sure that (more…)

At a London dinner on 7th June 2018, over 600 members of bridging, commercial, development and alternative finance lenders came together to celebrate the success of the sector. The occasion was the Bridging and Commercial Awards 2018.

The reason to celebrate was because figures from the Association of Short Term Lenders (ASTL) revealed that short term lending is worth (more…)

The first step to applying for a bridging loan is usually to talk to a broker. Their job is to assess the loan application and then get an initial approval from a lender. Many borrowers are looking for a speedy bridging loan. It can happen that after the initial yes decision the lender turns it down. The borrower sees this as a waste of (more…)

The financial crisis of 2008 has made banks wary about property lending. EU regulations have put limits on the level of risk that banks can have on their lending books. Property investors are increasingly turning to alternative banks for cash. Bridging loans are a way for investors to finance property deals quickly to see a return on their investments.

Large banks still provide bridging loans but are reluctant to give loans for (more…)

According to research by Legal and General Mortgage Club, 80% of brokers are expanding their business by adding extra income streams.

Some lending areas such as buy-to-let and mortgages for first-time homebuyers have slowed. The demand for bridging loans, on the other hand, has grown.

Many mortgage brokers want to expand by offering (more…)

A recent roadshow for brokers found that some of the broker delegates were not aware that borrowers could get very low-interest rates on bridging finance.

There is fierce competition amongst bridging lenders and this has led some of them to cut interest rates to as low as 0.44% per month. According to Jo Breeden, managing director of Crystal Finance: (more…)

Some small bridging finance lenders are applying for banking licences and this could slow down the bridging loan application process. To be able to lend money, bridging lenders need to…

Over the last year or two, many new bridging lenders have entered the market, but there could be a shortage of experienced professionals to work for these lenders. According to…

There are over 80 short-term financial lenders in the UK. Many of them offer the same type of bridging loans at the same interest rates. The website mortgagesolutions.co.uk asked several…