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.
Bridging loan books hit a new record high in Q3 2023, according to the latest data from the Association of Short Term Lenders (ASTL), with applications and completions also showing strong growth during the period.
Orbis Protect, the UK leader in vacant property, asset security and people protection services, has become the latest organisation to join the Association of Short Term Lenders (ASTL) as an Associate Member.
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Bridging loan books continue to grow
The Association of Short Term Lenders (ASTL) Bridging Mortgage loan books continued to grow in Q2 2023, increasing by more than 5% to an all-time high of just over £7.1bn. This is following the latest data collection information provided by its member lenders.
MJ Group has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member.
The MJ Group provides independent valuations and property advisory services for international and national banks, challenger banks, bridging lenders, lending institutions, property funds, financial organisations, corporations and developers. Created in 2006, the group has grown to become an advisor to more than 50 national and international lenders.
Colenko has become the latest lender member to join the Association of Short-Term Lenders (ASTL).
Colenko provides bespoke bridging loans and development finance for property investors and developers, with a senior team that has delivered more than £1bn in secured finance over the past 20 years.