Take a look at the infographic below to see the trends that shaped the bridging finance market in 2015.
- Average monthly interest rate dropped to 0.87%
- Total contributor lending dipped by £10.5m
- 2nd charge lending slumped from 20% to 9.6%
- Mortgage delays continue to be most popular use for bridging loans
- Average completion time 4 days less than in Q3