The bridging market is confident over growth volumes, according to the Association of Short-Term Lenders (ASTL).
In a recently published survey among its members, figures showed that over 57% of respondents were confident about the long-term future, compared to 37% in the same time last year.
The research also showed that bridging lender confidence in their own business was strong, with 75% stating that they expected their business volumes to grow by the end of 2019.
The results are supported by the ASTL’s quarterly lending figures, which are compiled by the association’s auditors, using information from its lender members.
An increase of almost 15% was recorded when comparing 2018’s numbers to 2017, with over £4bn of bridging loans being written by ASTL members.
The value of the applications also increased by more than 13% to almost £21.5bn, with total loan books following suit, rising by nearly 4%.