Bridging lending in the UK reached new record in 2015

Gross annual bridging lending in the UK broke through the £3.5 billion barrier in 2015, equating to £13.9 million worth of transactions every working day, new research shows. The data from the latest West One Bridging index also shows that the bridging sector is now expanding significantly faster than the mainstream mortgage market, which only grew 8% in the whole of last year according to the Council of Mortgage Lenders. But despite the growth, the bridging sector is still only worth approxim...