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Commercial Credit News
|Bridging finance powers on|
|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.
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