Bridging completions rise by 12.6% in Q3

Ryan Bembridge

November 19, 2018

The value of loans written by ASTL members reached £3.98bn in the third quarter of 2018, an increase of 12.6% from the same quarter last year.

This represented a slight drop of 0.6% from the second quarter of 2018, while applications also fell by 3.3%.

On a long-term basis bridging activity is on the up however, as the value of loans written in the year to 30 December 2018 is 21.2% higher compared to the year before.

Benson Hersch, chief executive of the ASTL, said “Figures for Q3 2018 show an ongoing year-on-year upward trend.

“Our members continue to provide flexible and useful services to customers who require finance for a whole range of purposes.

“Despite current political and economic uncertainties, lenders are very much doing business as usual.”

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