For many property buyers, their worst nightmare is the sale not completing. Fortunately, there are steps to take to minimise the risks of a property sale falling through.

New figures have revealed that 38.8% of property sales fell through before completion in the first quarter of 2018, and an increase of 4% compared to the same period of 2017, and 18% higher than (more…)

According to the Association of Short term Lenders, in the last quarter of 2017, a record £1 billion was lent in bridging loans, an increase of 19.6% on the previous…

According to the Association of Short term Lenders, in the last quarter of 2017, a record £1 billion was lent in bridging loans, an increase of 19.6% on the previous quarter. Part of the reason for this increased lending activity is the number of new lenders that have entered (more…)

Most bridging loans are for businesses or individuals. Charities and non-profit organisations usually rely on donations and other fundraising activities to finance projects. There are occasions when bridging finance can benefit charities.

An example is Giroscope, a charity that purchases and renovates empty properties to help relieve the housing crisis in deprived (more…)

To become a bridging finance lender requires a great deal of finance and expertise. It is possible to be an investor in the bridging loan sector without forming a bridging finance business.

Peer-to-peer bridging is a system where a private investor can invest small amounts in a lending fund. This fund then lends to property developers as bridging loans. These loans often have very high interest rates, but (more…)

Brokers want quick decisions about bridging loan applications, and this can be helped by having direct access to a lender’s decision makers.

A recent event organised by the Association of Short Term Lenders (ASTL) which represents (more…)

The Association of Short Term Lenders (ASTL) has announced that its members lent £319.4 million worth of loans to building developers in the last quarter of 2017. Of this amount, £197.8 million was short-term bridging finance. This reveals a growing trend for developers to rely on short-term lending.

This lending figure does not include what is termed (more…)

Many people approaching retirement want to pay off their debts and sell off assets to increase their retirement fund. A recent example was a person who wanted to close his business, settle outstanding business debts and sell a country estate.

The estate was on the market, but no buyer had been found. He intended to (more…)

Many mainstream lenders and high street banks are not prepared to provide loans for the purchase of what they class as unusual properties. They may also be slow to complete loan applications, which can mean time-sensitive deals, fall through.

An example of unusual property is petrol stations, which many lenders see as specialised commercial assets. A bridging loan broker will know lenders who are (more…)

Following the closure of many bank branches, out-of-work bank managers have been looking to other areas of finance for employment. Many of them have moved to the alternative and bridging finance sectors, reports (more…)