Professional property investors defy market conditions

Drawbridge Finance, saw a massive 128% rise in the number of Agreements In Principle issued during August compared to July.


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Thursday 16th September 2010

Professional property investors defy market conditions

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In August, typically a quiet month for the property market, Drawbridge Finance issued 127 AIPs on loans amounting to just more than £110m, with more than one AIP a day converting into a successful deal. The man in the street may have put property purchases on hold, but portfolio investors clearly have not.

Mark Posniak, Head of Marketing & Operations, Drawbridge Finance, comments:

“The residential property market may be suffering but professional property investors are as active as ever. Uncertainty represents opportunity and so the more volatile the market gets, the more active portfolio investors and other professionals become.

"What we have noticed is that they are much more specific about their lending needs and demand finance solutions tailored specifically to those needs. Bespoke bridging is becoming more important than ever.”

Author:
Millie Dyson Online Editor Online Editor
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