As traditional high street providers of property finance continue to show a reticence to lend, it’s perhaps not surprising that bridging funders such as MSP Capital Ltd report continued growth.
The following article from the Association of Short Term Lenders confirms this: www.theastl.org.
The majority of members expect their business turnover to grow, with two thirds expecting the same of the bridging finance sector as a whole. In addition, they are very positive about the prospects of providing short term finance to SME housebuilders – 93% believe this is a growth area.
Lee Merrifield
Underwriting and Credit Team Coordinator
