Take a look at the latest infographic to discover the general trends that shaped the UK bridging finance market during 2024.
Key Points:
Average completion time dropped 23%, demonstrating streamlined operations
Re-bridging declined to 7% indicating stronger market confidence
Interest rates edged up slightly to 0.88% amid macro pressures
Auction purchases rose to 11% while chain breaks fell to 20% during 2024
Director’s comments
Raphael Benggio, Head of Lending – Bridging Finance at MT Finance comments:
“The 2024 Bridging Trends data paints a picture of a robust, resilient market that continues to adapt and thrive despite external pressures. With faster completion times and steady lending volumes, these results, show how bridging finance has evolved from an alternative solution to an essential component of the UK property finance landscape.”
Phil Jay, Director, at Complete FS comments
“Complete FS experienced a remarkable 60% increase in both regulated and unregulated cases during 2024. This growth reflects the market’s increasing demand for rapid completions. As bridging specialists, we’ve adapted by carefully selecting the right lenders who have not only streamlined their processes but also work with efficient legal partners in order to deliver quick and efficient solutions for our clients.”