Enterprise Finance completes £20m in November
The rude health of the bridging finance sector was confirmed yet again today, with the announcement by specialist loans distributor, Enterprise Finance, that last month it completed its highest ever amount of short-term loans by value.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
bridging sector.
The Enterprise Finance data follows hot on the heels of AOBP data published last week that showed October business introduced by the Association's 12 member packagers reached a 2012 high of £31.7m. The short-term finance sector continues to go through the gears.
Danny Waters, CEO, Enterprise Finance, commented:
"With the high street lenders still on red alert, and the property market yielding considerable opportunities, the bridging sector continues to go from strength to strength. The fact that this data wasn't skewed by one jumbo loan gives it even more weight. We're by no means alone in experiencing the exceptional demand for bridging finance: as the AOBP data reveals, there is momentum across the board, which is great to see. As an industry, we can move into 2013 in a very positive mindset."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
FCA
FCA bans and fines adviser £100,000
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
