Stephen Wasserman, Director of West One Loans, comments: “It’s very unlikely that there will be a decline in residential bridging lending as a result of the MCD. The new regulation is relatively straightforward to implement and may actually boost lending, rather than hold it back.
Gross annual bridging lending has broken through the £3.5bn barrier in 2015 according to the latest West One Bridging Index.
Following a successful pilot event, bridging lender West One Loans is to hold a series of broker workshops for intermediaries explaining the implications of the EU Mortgage Credit Directive ahead of its implementation on March 21st.
Unless you’ve been living under a particularly large rock for the last few years, you can’t help to have noticed the Mortgage Credit Directive (MCD) and the extensive preparations that the specialist finance industry has undergone to ensure readiness for the new regime. At Enterprise HQ it’s...
The X Factor may now mercifully be off our screens for another year, but the show’s title and format got me thinking about what sets the bridging sector apart from its rivals.
The UK economy’s recovery from the global financial crisis has been a long and winding road. The early stages of the revival were slow-moving, with growth hovering around the 2% figure for a number of years, but the latest figures from the International Monetary Fund, released in October,...
The volume of annual gross bridging lending comfortably outflanks the amount of housing budget allocated by the Chancellor in the Autumn Statement, according to the latest West One Loans Bridging Index.
Your latest bridging index puts the market at about £3bn. How much more can it grow and what factors could stunt/promote growth?
At the heart of the government’s programme to boost Britain's poor housing output record are measures to make it easier for developers to transform underused office and light industrial buildings into new homes.
Recent figures from the Council of Mortgage Lenders show that the proportion of adviser-introduced new home loans have now reached their highest-ever level, with brokers now responsible for 69% of all mortgages. This represents a 7% annual increase and beats the previous high set in the opening...