Alpha Bridging believes that additional backing received from support channels has been the main reason behind the growth in bridging finance.
Earlier this month, the Association of Short Term Lenders (ASTL) reported that £2.59bn worth of bridging loans were written by its members in 2015, an increase of 13.8%.
Narinder Khattoare, Sales Director at Alpha Bridging, puts much of this down to closer relationships established between lenders and a variety of support channels.
“There is also a clear connection between the rise in the amount of support offered to brokers and their clients from networks, mortgage clubs and specialist distributors with the amount of business now being written,” said Narinder.
“The scale of the work being undertaken by a variety of lenders and support channels to promote the benefits attached to bridging finance is fully evident.
“Relationships are closer than ever within this sector and it’s a real positive to see so many areas of the market championing short term finance as well as professional standards rising across the board.”
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