The UK’s buy-to-let (BTL) industry has become a critical component when investing in bricks and mortar. Especially in the bridging loan sector. But has the pandemic affected this trend?
Bridging loans are a form of short-term alternative finance used by individuals or companies who are buying property but need funds quickly. A bridging loan therefore ‘bridges the gap’ between a property purchase and arranging long-term finance, such as a mortgage.
When we consider the property market’s current fortunes since the start of pandemic, it’s difficult to overstate it’s success on a large scale. While a large portion of sectors have been forced to cut back, the property market has in fact excelled.
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