The figures, compiled by auditors from data provided by BDLA members, showed that bridging completions grew to a new record of £2.3bn in Q4 2024, representing a 28.6% increase on the previous quarter.
This drove a 14.4% surge in the size of overall loan books, hitting £10.3bn.
The data found strong growth in pipeline business, with applications increasing by 3.9% in the fourth quarter to reach £11.3bn.
Vic Jannels, CEO at the BDLA (pictured above), commented: “The latest BDLA lending data confirms that bridging and development finance is reaching new heights, with record-breaking figures across completions and loan book sizes.
- Inspired Lending joins the BDLA
- Tackling fraud must be a key theme for the bridging industry
- 'Bridging finance went ballistic in November' say brokers citing changes in BTL market as a factor
“Whether it’s facilitating time-sensitive transactions, supporting development projects, or unlocking opportunities that traditional funding cannot, it’s clear that bridging finance has become an essential tool in the property market and is growing in importance.
“We are committed to supporting sustainable growth by working with lenders to uphold responsible underwriting, combat fraud, and promote professional development through initiatives such as the Certified Practitioner in Specialist Property Finance (CPSP) accreditation.
“Our engagement with regulators and policymakers continues to help shape a strong and stable future for the sector.”
Leave a comment