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Bridging finance powers on PDF Print E-mail
Tuesday, 25 August 2015

The Association of Short Term Lenders’ (ASTL) latest quarterly figures show the continuing strength of the bridging market.  The value of loans written in the year ended June2015 increased by 32% compared to the year ended June 2014, increasing by more than half a billion pounds year on year.

£2.435 billion worth of loans were written by ASTL members in the year ended June 2015, while the value of the overall loan book increased by 39% compared to June 2014 and by 8% compared to March 2015.
Demand for bridging loans continues to increase, as the value of applications increased in pace by an impressive 34% in the quarter ending June 2015 compared to June 2014. 

Benson Hersch, chief executive of the ASTL says: “The figures highlight how bridging lending has established itself as an increasingly valued source of finance and, as a result, has grown in prominence considerably outstripping the mainstream market.

 “The post election outlook for this year is a positive one.  Nearly all our members predict that volumes will continue to increase over the next six months and expect to deal with any issues relating to the implementation of the MCD.”

These figures are taken from the responses from ASTL members, which include most of the key lenders in the bridging market.

(Source - ASTL Press Release)


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