Bridging lending has continued its record-breaking growth, with data from the Bridging & Development Lenders Association (BDLA) showing increases in applications, completions and loan book values in Q3 compared to the previous quarter.
The figures, compiled by auditors from data provided by members of the BDLA, show that bridging completions grew to a new record of £1.79bn in Q3 this year, representing a 2.6% increase on the second quarter.
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Rockstead has become the latest organisation to join the Bridging & Development Lenders Association (BDLA) as an associate member.
Rockstead was established in 2008 to provide a range of services to businesses involved in financial services as well as other regulated and non-regulated sectors. The firm operates across sectors including residential mortgages, later life lending, commercial mortgages, bridging finance, development finance, motor finance, asset finance, buy now pay later, consumer finance and credit cards. And its clients include investment and retail banks, building societies, hedge funds, private equity companies, non-bank lenders, funders, originators, investors, asset managers, third party servicers, insurance companies and pension funds.
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The Bridging & Development Lenders Association (BDLA) has announced three new appointments to its Executive Board, following an election amongst its members.
Bridging loan books continued to grow to record levels in Q2 2024, reaching nearly £8.4bn, according to the latest data from the Bridging & Development Lenders Association (BDLA).
The figures, compiled by auditors from data provided by members of the BDLA, show that bridging completions grew to a record £1.74bn in Q2 this year, representing a 15.4% increase on the first quarter. This helped to drive a 2.9% increase in the size of overall loan books from £8.1bn to just under £8.4bn.
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The Association of Short Term Lenders (ASTL) has rebranded to the new name of:
The Bridging & Development Lenders Association (BDLA).
Explaining the rebrand, Vic Jannels, CEO of the BDLA, says:
“Quite simply, rebranding to The Bridging & Development Lenders Association (BDLA) enables us to better serve the interests of our members and their customers. After all, our members are bridging and development lenders and so it makes sense to reference this in our name.
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Bridging loan books hit another record high in Q1 2024, reaching £8.1 billion, according to the latest data from the Association of Short Term Lenders (ASTL).
The figures, compiled by auditors from data provided by members of the ASTL, show an increase in the size of bridging loan books in the first quarter of 2024, rising by 6.8% on the final quarter of 2023 to reach £8.1 billion.
Pantera Property has become the latest organisation to join the Association of Short Term Lenders (ASTL) as an Associate Member.
Pantera Property is a strategic and niche family-run firm of chartered surveyors established in 2016. The firm has a dedicated team carrying out Secured Lending Valuations for Short Term Lenders and provides a national property asset management service using innovation, experience and expertise to maximise recovery.
StreamBank has become the latest lender member to join the Association of Short-Term Lenders (ASTL).
StreamBank is a specialist bank that offers tailored property investment products, including bridging finance, regulated and un-regulated and development finance to support the requirements of property investors.
Bridging loan books hit another record high in Q4 2023, according to the latest data from the Association of Short Term Lenders (ASTL).
The figures, compiled by auditors from data provided by members of the ASTL, show an increase in completions in the fourth quarter of 2023, rising by 18.4% on the third quarter of the year to reach £1.69 billion.
Magnet Capital has become the latest lender member to join the Association of Short-Term Lenders (ASTL).
Magnet Capital is a specialist development finance lender, with an experienced and client-focused team that is dedicated to supporting brokers and property developers in achieving the finance they need to make their schemes succeed.