This figure represented a slight decrease on the previous quarter (Q4 2018: £5.7bn), but indications showed that average loan sizes were at their highest since Q1 2017.
West One’s estimates revealed that average loan sizes increased by 11% through Q1 2019 compared with Q4 2018, the highest-performing quarter of last year.
Gross annualised bridging lending from Jan–Feb 2014 to Q1 2019
Bridging finance interest rates have also fallen to among their lowest levels, with a Q1 2019 average of just 0.95% per month.
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Average bridging lending rates from January 2017 to March 2019
“It is positive to see the average loan size increase,” said Stephen Wasserman, managing director at West One Loans (pictured above).
“With the ASTL [Association of Short Term Lenders] reporting a record number of applications among their membership, it’s clear that bridging finance is still very much on an upward trajectory.”
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