Stephen Wasserman

Gross annual bridging lending increases to £5.6bn in Q2



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Gross annual bridging lending increased to £5.6bn for Q2 2019, the third highest quarter on record, according to the latest research.

West One Loans’ bridging index has revealed that the top three peaks in annual lending have all occurred over the past four quarters.

Gross annualised bridging lending from Jan-Feb 2016 to Q2 2019:

Gross annualised bridging lending
 

According to the specialist lender, the bridging sector has been the beneficiary of increasing professionalism from lenders and borrowers.

“West One has enjoyed a strong first half of the year, which has seen us completing some of our largest loans,” said Stephen Wasserman, managing director at West One Loans (pictured above).

“Q2 started incredibly well for us as we were able to deliver two record months EBITDA for the lending business in April and May.

“This has been backed up by strong enquiry levels throughout the quarter, which were higher than we anticipated at the beginning of the year.”

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