London bridging lender reports 128% rise in AIPS defying “stagnant property market”

London bridging lender reports 128% rise in AIPS defying “stagnant property market”




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A London-based specialist lender has reported a massive 128 per cent rise in the number of AIPs issued during August, compared to July.

Short and medium-term lender Drawbridge Finance, which has just moved to its new offices in Old Bailey, attributes part of the rise to professional property investors and landlords defying a stagnant residential property market.

In August, typically a quiet month for most in the property market, the lender issued 127 AIPs on loans amounting to just over £110 million, with over one AIP a day converting into a successful deal.

“The man in the street may have put property purchases on hold, but portfolio investors clearly have not,” said a Drawbridge spokesperson. 

Commenting on the figures, Mark Posniak, head of marketing and operations at Drawbridge Finance, said: “The residential property market may be suffering but professional property investors are as active as ever.

"Uncertainty represents opportunity and so the more volatile the market gets, the more active portfolio investors and other professionals become. What we have noticed is that they are much more specific about their lending needs and demand finance solutions tailored specifically to those needs.

“Bespoke bridging is becoming more important than ever.”

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