The pandemic has resulted in many new, interesting trends taking shape across the property sector. One such example is the rise in the number investors seeking to convert commercial properties into residential apartments.
Climate change is impacting every industry, with the property market no exception. Landlords will need to respond in turn, which means demand for refurbishment loans and home improvement loans is likely to increase.
With autumn in full swing, we can probably all admit that we’ve reached for the thermostat on more than one occasion already. But are there alternative ways to keep ourselves toasty during the winter months? How could bridging finance help fund these changes?
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.