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On-line property finance comparability platform Brickflow has added regulated bridging finance to its providing.
The addition implies that intermediaries and their debtors can now examine loans from the regulated bridging market, alongside unregulated bridging loans, industrial mortgages and improvement finance.
Brickflow stated the transfer was in response to demand from each the market and the brokerage and debt advisory companies already utilizing its platform.
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The platform already has eight regulated bridging lenders on board, together with Collectively, Glenhawk and Exact, which sit on its lending panel comprising over 100 lenders.
Brickflow highlighted robust progress within the regulated bridging market, as owners search extra funding for purchases or to extend private liquidity.
Learn extra: Brickflow warns of longer improvement cycles because of planning delays
It cited information from Information Financial institution that confirmed that regulated bridging was the highest standards search made by UK bridging finance brokers within the first quarter of 2024, with regulated bridging accounting for 51 per cent of all bridging mortgage searches – the best proportion for the reason that third quarter of 2020.
“The expansion of regulated bridging reveals no signal of slowing,” stated Ian Humphreys, chief govt and founding father of Brickflow.
“A sticky gross sales market has elevated the potential for chain break situations, and due to this fact the demand for bridging loans to allow onward transactions has additionally risen. By strengthening our suite of bridging finance with regulated loans, we’re equipping intermediaries and their purchasers with the entry and suppleness to safe time-sensitive alternatives.”
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