"A sticky sales market has increased the potential for chain break scenarios, and therefore the demand for bridging loans to enable onward transactions has also risen."
- Ian Humphreys, Brickflow’s CEO and founder
Brickflow has announced the launch of regulated bridging finance on its loan sourcing and application platform.
The addition enables intermediaries and their clients to compare loans from across the regulated bridging market and apply for secure funding.
The regulated bridging market has continued to grow in the last few years as rising interest rates and a slow sales market have led to a greater number of homeowners seeking additional cash to secure purchases or increase personal liquidity.
Data provided by Knowledge Bank reveals that regulated bridging was the top criteria search made by UK bridging finance brokers in the first quarter of 2024, with regulated bridging accounting for 51% of all bridging loan searches, the highest it’s been since Q3 2020.
At the time of launch, the platform has eight regulated bridging lenders on board, including Together, Glenhawk and Precise, which sit on its lending panel comprising over 100 lenders, also providing unregulated bridging loans, commercial mortgages and development finance.
Ian Humphreys, Brickflow’s CEO and founder, commented: “The growth of regulated bridging shows no sign of slowing. A sticky sales market has increased the potential for chain break scenarios, and therefore the demand for bridging loans to enable onward transactions has also risen. By strengthening our suite of bridging finance with regulated loans, we’re equipping intermediaries and their clients with the access and flexibility to secure time-sensitive opportunities.”
