Bridging finance will remain strong despite Brexit

Bridging Finance

MT Finance’s Gareth Lewis has said that demand for bridging finance will remain strong and it will continue to provide support for property investors despite the continued uncertainty generated by Brexit. Mr Lewis said: “With Brexit still uncertain, the first quarter’s data will be interesting reading, but I expect demand for bridging finance will remain strong and the product will provide vital support for property investors.” Phil Jay, director at Complete FS, added that data has shown that the sector is resilient. “Although the bridging market will not be immune to the shockwaves surrounding Brexit, the industry is fortunate to have a broad base of lenders that can currently more than compensate for any likely loss of liquidity, if funding tightens,” he states.

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