A journalist at Mortgage Solutions is writing an article on a survey of brokers by Glenhawk showing a high confidence in UK bridging activity for 2022, with 84% of respondents saying that they expect to write more bridging business this year than in 2021. You can read one article about the survey's findings <a target="_blank" rel="noopener noreferrer" href="https://www.financialreporter.co.uk/brokers-bridging-business-2022.html">here</a>. What are your thoughts on this, as Mortgage Solutions wants to drill a bit deeper into what brokers like you think? Just a paragraph or two will do.

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Bridging activity 

I am already seeing enquiries for bridging finance up this year compared to previous years; this is down to an increase in appetite from investors to buy, do up and sell property; the changes around permitted development rights are giving developers the confidence to make use of bridging finance more than ever before. 

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Imran Hussain

Bridging loans always have a very mixed reaction when I bring them up with clients; despite them often being the exact product the client needs for their intended transaction.  In a similar way to Equity Release it suffers from poor PR, often linked to very old historic issues that people experienced, so bridging finance is often approached with a degree of skepticism from most first time users.  However, it is a very useful and powerful arrow in the advisers quiver and is the main reason that some projects even get off the ground.

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Bridging activity

2 responses from the Newspage community

Imran Hussain

Director at Harmony Financial Services

Scott Taylor-Barr

Financial Adviser at Carl Summers Financial Services