skip to main content
Request a call back

Leave your contact details and one of our expert advisers will call you back shortly.

You can also complete our mortgage questionnaire for a more accurate initial response.

Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Menu
Archives

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

show more show less

Demand for bridging finance remained stable throughout 2019 according to MT Finance’s latest Bridging Trends data.

The report shows the average monthly interest rate borrowers paid for bridging loans fell to 0.76%. Also, the average of loan-to-value fell to 53% and the typical completion time was 47 days.

Investment property purchases remained the most popular reason for using bridging loans with 23% of transactions, followed by traditional chain breaks with 18%. The next most popular use for bridging loans was heavy property refurbishments with 14%. The remaining uses included auctions purchases at 7%, re-bridges at 9% and general business purposes at 9%.

Aaron Strutt, product director at Trinity Financial, says: "There are lots of lenders operating in bridging loans and the rates and setup fees can vary a lot. Our brokers have access to a private bank offering bridging loans linked to the Bank of England base rate and relatively low arrangement fees.  

"One large providers also offered a 0.48% per month rate up to 50% loan-to-value. It has a 2% completion fee, and it is available for loans between £75,000 and £15,000,000. The price gets marginally more expensive if you have a smaller deposit."

Source: MT Finance

Call Trinity Financial on 020 7016 0790 to secure a bridging loan

Get in Touch

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

Need some advice today?

Book a Consultation Mortgage Questionnaire