CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow First 4 Bridging sees significant increase in post-EU referendum enquiries
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
First 4 Bridging sees significant increase in post-EU referendum enquiries PDF Print E-mail
Wednesday, 28 September 2016
First 4 Bridging, the bridging loan master broker and packager, has today (27th September 2016) revealed it has seen a 30-40% increase in broker enquiries on bridging and development finance cases since the result of the EU referendum was known at the end of June this year.

The Bracknell-based finance broker says that an ever-changing lending market has resulted in many brokers seeking specialist support in recent months, particularly in areas such as bridging and development finance, as lenders continue to feel their way through the post-referendum market.

First 4 Bridging says that, in particular, development finance cases have grown to 30% of all its enquiries indicating a summer boost in activity as developers seek to make the most of their properties in a housing market still incredibly low on supply.

First 4 Bridging anticipates a continued increase in bridging and development finance enquiries throughout the rest of the year, especially given the changing nature of other property investment finance sources such as buy-to-let lending, and the growing pressures being placed on lenders in this market to improve stress tests and ultimately cut back on lending at higher LTV levels.

First 4 Bridging has been an established bridging loans master broker and packager for over 15 years. Advisers are able to introduce cases to First 4 Bridging and benefit from its close lender relationships, plus its ability to provide immediate decisions, bespoke solutions and rapid turnarounds. In addition to bridging loans, First 4 Bridging also offers development finance and medium-term loans with terms from one month to five years.

Donna Wells, Director of First 4 Bridging, commented: “In the immediate period post-referendum the market was incredibly quiet as all stakeholders, particularly lenders, took stock of what had just taken place. We saw lending activity tail off and criteria become stricter, however since those initial few weeks we have slowly started to see bridging and development finance lenders move back into the market, with criteria loosening slightly and their appetites returning.

“This has undoubtedly developed as client and broker enquiries for finance have grown over the summer months and now into September. We know that this market changes quickly and the complicated nature of securing the right finance for clients means many brokers feel unable to source and advise in these sectors themselves. This is why they appear to be seeking to work with specialists like First 4 Bridging who have the strongest of lender relationships, access to the whole of market, and are able to know instinctively where a case may, or may not, fit. Our growth in enquiries is coming from both new and existing broker clients and we anticipate this will continue giving the fundamentals in the UK housing market, such as continued lack of supply and the delicate funding arrangements that cut across many sectors.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197