Bridging Business to grow 45% over the next 12 months

The latest West One Loans broker sentiment survey (published 26th september 2012) has revealed the majority of the brokers taking part expect their bridging business to increase by at least 45% over the next 12 months. The survey, part of West One Loans' quarterly broker sentiment study, also reveals  an increase in commercial lending. West One Loans Chairman Duncan Kreeger remarks:

“Bridging looks set to expand steadily into 2013. A mild slowdown in the last quarter, as seen in our West One Bridging Index, indicated a moderation in the rate of growth. But these figures suggest a longer term pattern of consolidation. Brokers think bridging still has a long way to go, and this comes as traditional lending models have stumbled once again in August.”