What Mortgage: Departing landlords and downsizers drive bridging loan boom

There has been a bridging loom boom in Autumn as a consequence of downsizing and shifts in the buy-to-let market following the Budget.

Brokers have reported seeing the number of bridging loans being taken out increasing in November as rates for the products have also fallen.

Harps Garcha, Director at Brooklyns Financial via Newspage, said, "Seasoned investors are actively scouting for deals under market value where they can add value, often using bridging loans for their speed and flexibility, especially when properties require work.

"Many investors are now focusing on higher-yield projects, such as residential conversions to HMO's and commercial-to-residential developments under Permitted Development." 

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