Introduction
Bridging loans are short-term secured loans, which are used under specific circumstances. Despite being part of the UK mortgage market, bridging finance is the 'unknown relative' of the sector. This report provides an overview of the bridging loan sector in the UK, covering market sizing, issues, competitive trends and includes a 5-year forecast in terms of gross advances.
Scope

• Short overview of the bridging Loans sector in the UK focusing on the residential market
• Market sizing data relates to bridging finance for both residential and commercial properties
• Provides a 5-year forecasts in terms of gross advances

Highlights
Information about the size of the bridging loan sector is limited but one thing that is clear is that the sector is small. Estimates from the consultancy CIL put the size of the bridging loan market at ?1.2 billion in terms of balances.
The bridging loan industry has often been associated with a poor image. Indeed, the sector has received numerous criticisms in the past with regards to the prevailing high interest rates and the way some lenders operate.

Undoubtedly, prices play an important role in the bridging loan market for differentiating one's products. However, how fast the bridging loan can be disbursed to the borrower is of utmost importance, given the circumstances under which a bridging loan is the suitable method of funding.
Why you should buy this report

• Gain insight into the bridging finance sector in the UK
• Draw on Datamonitor's five-year scenario-based forecast to plan your future strategy with       confidence

Source : http://www.banking-business-review.com