How big is the UK bridging loan market financially?
The Bridge loan market which would also include development funding / lending, runs into billions of pounds being borrowed by limited companies and individuals for so many reasons ranging from purchasing a property at an auction.
Purchasing a property to refurbish into an HMO House of multiple occupancy. This attracts fantastic rental opportunities and once refurbished will certainly increase in value.
There are many opportunities for Bridging funders to offer developers an exit if there current funding term has come to an end and they still require time either to sell the developed units or apply for a longer-term loan with a mainstream lender.
Bridging lenders can even offer BTL loans over terms of 3 – 7 years to assist customers further should they require.
Bridging funders lend in the care home industry, nursing home industry, leisure including hotels, guest house, warehouses, hospitals, shopping centers, golf courses, holiday parks and the list goes on and on as there is always a funder for specific niche markets requiring money.
The market certainly is not shrinking as there is now a far greater need for new housing and the care industry is growing rapidly to cater for people requiring support and nursing care so bridging lenders are a must have in these types of scenarios.
We have bridge lenders for farming and agriculture which is a massive industry as Jeremy Clarkson will tell you as an avid farmer himself. The list just keeps on going so, should you ever have a need for bridge funding to assist you in getting from A to B then look at it with open eyes and speak to an adviser to guide you in your funding needs.