June 2014 - First 4 Commercial
27Jun2014

The rise of bridging loan lending

Bridging loans are on the up, at the same time as traditional mortgage approvals are down. Latest figures from the Association of Short Term Lenders’ (ASTL) show that there has been an 83% rise in bridging loan applications during the first part of this year, compared with those of 2013.

The reasons for this are varied. A relaxation in the planning laws has led to more developers converting office space to residential premises, as housing demand remains high. Increased consumer confidence is also thought to be driving demand, and churn rate, in which bridging loans are refinanced by another lender have also been popular. The enduring appeal of the bridging loan can also be explained by the flexibility of these loans to plug any gaps in finance, especially where property completions are concerned.

So what are the other key advantages to bridging loans? Speed of approval and arrangement are one of the chief benefits, and with the ability to borrow without having to endure ‘stress tests’ then bridging finance represents a clear advantage to borrowers. And if you’re keen to make the most of the booming property market, then a bridging lender will make development finance available to you for properties that commercial mortgage lenders won’t ordinarily cover. Bridging finance is also increasingly being used for land acquisitions where planning is required before development can start.

So as the property market continues to flourish, and bridging finance becomes ever more competitive, investors and developers are enjoying the rewards of these loans.

For more help and useful information go to www.bridgingloansin.co.uk

first4commercial.com

f4c

T: 01277 620083 F: 01277 658900 E: info@first4commercial.com

A: 5 Alyssum Walk, Billericay Essex CM12 0SS

13Jun2014

Award winning service again 2014

Acquisition International Award Winner 2014

Award winning service again in 2014, first4commercial are proud to announce that we have once again won an award for the second year running. This year we have been awarded Independent Commercial Mortgage Broker of the Year – UK 2014 with Acquisition International.

This is in addition to last years award for Boutique Commercial Mortgage brokerage 2013. We feel that this once again demonstrates to our customers and business partners that we have wholly focused on giving great advice, customer service and always keep striving to go the extra mile wherever we can.

Thanks again to Acquisition International for this recognition and thanks to the first4commercial.com team, keep up the hard work!

first4commercial.com

f4c

T: 01277 620083 F: 01277 658900 E: info@first4commercial.com

A: 5 Alyssum Walk, Billericay Essex CM12 0SS

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