Clydesdale exits bridging market
Clydesdale Bank has announced that it is withdrawing from the bridging market after an eight-month pilot phase with a small number of broker partners.
"We will continue to focus on our core propositions across the residential and buy-to-let market."
The pilot launched in February and focused on light refurbishment bridging options, with a plan to widen its offering to all brokers later in the year.
Clydesdale has now announced that it will no longer offer bridging loans and will instead focus on its residential and buy-to-let offering.
A spokesperson for Clydesdale Bank said: “We can confirm we will not be extending our bridging loan pilot.
"We will continue to focus on our core propositions across the residential and buy-to-let market.
"All applications up to cob Monday 11th November will be honoured and supported through the pipeline to completion.”
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