EY opens 2023 UK bridging market survey

EY, in collaboration with Bridging & Commercial, has officially opened its annual UK bridging finance market survey.

The sixth bridging report will provide views and insights into market trends and key challenges the industry faces.

This year, there are additional questions on funding, product criteria and repayment flexibility, governance and AML processes, and the impact of hybrid/remote working from employees and candidates in the industry.

The survey also quizzes the bridging market on variable and default interest rates.

When we started the EY Bridging Survey, we wanted to support the introduction of insight and transparency and are therefore delighted that, six years on, the survey continues to run and be highly relevant to the sector,” said Nick Parkhouse, partner and head of EY’s financial services corporate finance practice.

“We are also delighted to again be teaming up with Bridging & Commercial Magazine to publish the findings when the report comes out in April.”

Brokers and lenders operating in the bridging finance sector that would like to participate can access the survey, here.

Names and companies of those taking part will not be disclosed.

The data provided will form part of a sample of bridging finance participants from across the UK market. 

Beth Fisher, publishing director at Medianett Publishing, commented: “There has been a substantial amount of change within the bridging and wider economic landscape over the past 12 months, and we can expect more over the course of 2023 with the base rate now at 4%, UK house price growth continuing to dally, and the construction industry staring a recession in the face, according to forecasts.

“However, it’s not all doom and gloom for the bridging market; if anything, this is the time the specialist finance space truly shines.

“In 2022, bridging loan transactions surged to the highest they have been in three years, so it will be fascinating to determine what factors attributed to this and what challenges the sector anticipates could prevent it from having another strong year.

“We are delighted to again team up with EY on what is always a detailed and thought-provoking survey and publish the findings in the March/April issue of Bridging & Commercial Magazine.”

The survey, which closes on 3rd March, will take approximately 10-15 minutes to complete, and all responses are confidential.

The findings will be exclusively revealed in the Bridging & Commercial Magazine, which will be out mid-April. Ensure you subscribe for free to receive your copy.

Those who participate in the survey will receive a copy of the report from EY once published.

To see the findings of the 2022 EY bridging market survey, read the 20th issue of Bridging & Commercial Magazine.

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