In 2021 we saw the value of bridging loan books top £5bn for the first time and a growing number of brokers are recognising how they can use bridging finance for their clients. Competition amongst lenders is driving rates down and this e pricing is making bridging more accessible to a wider group of customers.
Just when we thought the future was looking more certain, the Omicron variant has served as a timely reminder that making predictions is fraught with pitfalls. However, there are some trends that show a clear path of travel, whatever the external environment throws at them. Here are five trends that we think it’s safe to expect in the short-term lending market in 2022.
Debenhams Ottaway has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
Debenhams Ottaway is a multi-service law firm that works with businesses, individuals and families in Hertfordshire, London and across the UK, helping them make the most of new possibilities or deal with unexpected challenges at home or in business. It offers services that include banking finance and loan agreements, litigation and dispute resolution, and corporate insolvency and restructuring.
Buzz Capital has become the latest lender to join the Association of Short Term Lenders (ASTL).
Brighton-based, Buzz Capital provides simple, straightforward bridging finance up to 75% LTV for a range of purposes, including purchase, refinance and refurbishment of residential or semi-commercial property; commercial to residential conversions and development exits, as well as bespoke financial solutions for individuals with complex circumstances.
The latest ASTL data shows the bridging market continuing to deliver strong, sustainable growth in Q3 2021, with applications and loan books both higher than in Q2, while the value of loans in default has fallen for the third consecutive quarter.
The figures, compiled by auditors from data provided by members of the Association of Short-Term Lenders, show bridging applications reached a record high of £7.72bn in the quarter ending September 2021, an increase of 4.9% on the previous quarter.
A Shade Greener (ASG) Finance has become the latest lender to join the Association of Short Term Lenders (ASTL).
Established in 2013 to provide commercial finance to UK businesses using funds generated from the associated renewable energy company, A Shade Greener Ltd, ASG Finance provides a suite of tailored financial solutions including bridging finance, development finance, medium term lending and asset backed working capital. It also offers business recovery and restructuring and profit share development finance. Loan sizes are available from £500k to £7m.
Strettons has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
Strettons is a leading, independent firm of property advisors with expertise across a wide range of commercial and residential property, giving advice to buyers, owners, occupiers, investors, developers and more. Its core teams cover agency, property auctions, property and asset management and valuation and advisory services.
Landwood Group has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
Landwood Group are experts in Property and Plant and Machinery providing services in recovery and valuation, asset management, project and building consultancy and property auctions. It has a team of chartered surveyors across offices in Manchester, Liverpool and London.
London-based full-service law firm, Memery Crystal has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
The law firm has a track record of acting for alternative finance providers, helping to develop their reputation and portfolio by delivering advice on creative security structures, lending terms and the suitability of agreements. Memery Crystal also advises UK companies seeking to raise finance through progressive schemes such as corporate mini-bonds, listed bonds and crowdfunding.
Acre Lane Capital has become the latest lender to join the Association of Short Term Lenders (ASTL).
Acre Lane Capital offers development finance and bridging finance for a range of purposes, including light and heavy refurbishment, property investment, auction purchases, development exit loans and bridging out of receivership.