Bridging loan books grew to £4.5billion in 2019, an increase of 19.7% compared to 2018.
This is according to figures compiled by auditors from data provided by members of the Association of Short-Term Lenders (ASTL), which confirmed that completions in Q4 2019 reached £1.068 billion – an increase of 13.7% on Q3, while average LTVs continued to remain below 60%.
However, applications in the final quarter of 2019 fell by 10.7% on the record-breaking previous quarter.
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