Back
Brightstar response to MTF Bridging Trends
30 July 2021
Stephen Watts, Bridging & Development Finance Specialist at Brightstar Financial, says:
“It’s encouraging to see that the average completion times for bridging have come down in the last quarter. A contributing factor to this is that lenders are further streamlining their processes, with more providing funding options that do not require a physical valuation of their security property and instead, utilising AVM’s. Some lenders are now offering AVMs up to 75% LTV in some circumstances and with the ability for asset managers to benefit from modern technology and carry out virtual client meetings, more loan applications are benefitting from these time saving factors.”
