Bridging Booms at Lancashire Mortgage Corporation

Lancashire Mortgage Corporation has reported a significant upsurge in bridging finance enquiries and new loans as investors return to the commercial property market.

The lender, which specialises in commercial term loans and bridging finance, says that its lending volumes for short term funding have increased by more than 50% over the past two quarters.

The growth is thought to be a result of the increased volume of distressed commercial property that is now hitting the market, triggering a flurry of activity amongst commercial property investors looking to cash in on the opportunities that have become available.

This news follows a recent announcement from the Royal Institute of Chartered Surveyors stating that the commercial property market in the UK is amongst those attracting the most interest from investors, and that distressed commercial property transactions are likely to increase during the coming year.

Speaking on behalf of Lancashire Mortgage Corporation, Director, Gary Bailey said:

"Commercial property values have tumbled over the past 18 months and the current climate is creating some fantastic opportunities for bold investors that have access to suitable products from lenders like us that are still dedicated to lending via the intermediary market. Our borrowers are sourcing attractive properties from agents, or by simply driving about on the lookout for opportunities.

"We are even seeing a trend similar to that which has recently been experienced the residential market, whereby investors are taking their money out of the bank or increasing the leverage on their existing portfolio with bridging finance to provide the funds for further investment.

"Lancashire Mortgage Corporation still has a strong appetite to lend and can provide both the short-term funding that is required to snap up a bargain, or the term loan required to provide ongoing finance for a new acquisition."

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	Bridging Booms at Lancashire Mortgage Corporation Lancashire Mortgage Corporation has reported a significant upsurge in bridging finance enquiries and new loans as investors return to the commercial property market. The lender, which specialises in commercial term loans and bridging finance, says that its lending volumes for short term funding have increased by more than 50% over the past two quarters. The growth is thought to be a result of the increased volume of distressed commercial property that is now hitting the market, triggering a flurry of activity amongst commercial property investors looking to cash in on the opportunities that have become available. This news follows a recent announcement from the Royal Institute of Chartered Surveyors stating that the commercial property market in the UK is amongst those attracting the most interest from investors, and that distressed commercial property transactions are likely to increase during the coming year. Speaking on behalf of Lancashire Mortgage Corporation, Director, Gary Bailey said: "Commercial property values have tumbled over the past 18 months and the current climate is creating some fantastic opportunities for bold investors that have access to suitable products from lenders like us that are still dedicated to lending via the intermediary market. Our borrowers are sourcing attractive properties from agents, or by simply driving about on the lookout for opportunities. "We are even seeing a trend similar to that which has recently been experienced the residential market, whereby investors are taking their money out of the bank or increasing the leverage on their existing portfolio with bridging finance to provide the funds for further investment. "Lancashire Mortgage Corporation still has a strong appetite to lend and can provide both the short-term funding that is required to snap up a bargain, or the term loan required to provide ongoing finance for a new acquisition." << Back to News	No current news to display. For more news click here
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