Bridging enquiries increase

The uncertain financial market is continuing to cause properties to go on sale at attractive prices and many investors and businesses are evaluating their financial options - in order to take advantage of opportunities as soon as they arise. Bridging loans make it possible for buyers to secure sought after properties before mainstream lending has been put in place.

The significant increase in the number of bridging loan enquiries seen by Bridgingloans.com suggests that there is a growing trend towards short-term finance, and that the niche sector of the market is starting to strengthen back towards its 'pre-crunch' figures.

Martyn Smith, managing director at Bridgingloans.com, commented: "It's really positive to see such a significant increase in the numbers of individuals and businesses approaching us to find out what their options are during the current financial climate. For those with the right lending criteria, now is the time to plan ahead and snap up value-for-money opportunities in anticipation of an up-turn in the financial market. We've been able to retain a 'business as usual' policy throughout the past few months and this has been achieved by implementing robust and transparent lending criteria - ensuring customers have a clear understanding of the terms and conditions of their loan and can provide a viable exit strategy.”