Inspired Lending has become the latest lender to join the Bridging & Development Lenders Association (BDLA).
Inspired Lending is a specialist short-term lender that offers the certainty of private funding coupled with a tailored approach to lending from a highly experienced team. It provides loans for property purchase, refinancing existing debt, releasing capital or restructuring a portfolio, as well as refurbishment finance to fund light or heavy renovation or conversion projects.
The bridging market continues its extraordinary growth, with the latest Q3 2024 data from the Bridging & Development Lenders Association (BDLA) showcasing record-breaking figures across completions, loan book values, and applications. Bridging completions surged to an unprecedented £1.79 billion, a 2.6% increase from the previous quarter. Loan books crossed the £9 billion milestone for the first time, growing by 7.6% to £9.01 billion, while applications rose 6.7%, reaching £10.9 billion. Read more
The bridging market continues to demonstrate extraordinary growth, as highlighted by the latest data from the Bridging & Development Lenders Association (BDLA) for Q3 2024, which has reported record-breaking achievements across applications, completions, and loan book values.
Belleveue Mortlakes Chartered Surveyors has become the latest organisation to join the Bridging & Development Lenders Association (BDLA) as an associate member.
Belleveue Mortlakes provides a wide range of services in various property and asset management related disciplines, offering expert, independent and impartial advice in accordance with legal and industry guidelines. The core services it delivers include LPA receivership, secured lending valuations on both commercial and residential, as well as valuations for tax purposes and expert witness.
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Saible has become the latest organisation to join the Bridging & Development Lenders Association (BDLA) as an associate member.
Saible is a transparent, secure payment system that ring-fences funds and protects them at every stage of a project. Saible helps to reduce risks by protecting funds for a project and its supply chain, it enables payments to be managed more efficiently and delivers greater transparency with a complete audit trail.
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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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